Exercise 16-7 The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation Production: 7,330 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $36,775; labor $21,300; overhead $39,920. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25.)