Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hey there this is all one question The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020,

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

hey there this is all one question

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 6,400 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 $34,310; labor $21,500; overhead $36,600. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020 Equivalent Units Physical Units Quantities Materials Units to be accounted for Conversion Costs Units to be accounted for Work in process, March 1 Started into production Total units Units accounted for Transferred out Work in process, March 31 Total units Costs Unit costs Total Costs Equivalent Unit costs Costs to be accounted for units t $ Materials ta ta Conversion Costs $ $ Total Work in process, March 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred Work in out process, March 31 $ $ $ Work in process. March 31 Materials Conversion Total costs costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing That Matters Case Studies

Authors: Norman David Marks

1st Edition

B089J17FFW, 979-8650160410

More Books

Students also viewed these Accounting questions