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please help show work. fix incorrect parts & blank box please fix incorrect boxes and values show work Your answer is partially correct. The Sanding
please help show work. fix incorrect parts & blank box
please fix incorrect boxes and values show work
Your answer is partially correct. The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation Production: 7,360 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 $39.368; labor $20,700; overhead $42.980. Prepare a production cost report. (Round unit costs to 2 decimal places, c.8. 2.25 and other answers to O decimal places, e.g. 125.) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process. March 1 Started into production Total units 0 10360 10360 Units accounted for Transferred out Work in process March 31 Total units 101 Costs Unit costs Total Costs For the Month Ended March 31, 2020 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be ccounted for York in pass. March 1 Started into production Total units 0 10360 10360 7360 7360 Units accounted for Transferred out Work in process, March 31 3000 3000 Total units 10360 10360 Conversion Costs Materials Costs Unit costs Total Costs 39668 $ Equivalent units 10360 Unit costs $ 3.83 Costs to be accounted for Work in process, March 1 Started into production Total costs For the Month Ended March 31, 2020 Equivalent Units Conversion Materials Costs 7360 7300 3000 10360 7980 Materials Conversion Costs Total 39668 63680 103348 10360 7960 3.83 8.00 $ 11.83 103348 103348 -- The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation Production: 7,360 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 $39,368; labor $20,700; overhead $42,980. Prepare a production cost report. (Round unit costs to 2 decimal places, e.s. 2.25 and other answers to O decimal places, e.g. 125.) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process, March 1 Started into production Total units 0 10360 10360 Units accounted for Transferred Out Work in process, March 31 7360 3000 Costs Unit costs Materials Conversion Costs Total Costs 39668 63680 Equivalent units 10360 7960 Unit costs 3.83 $ 8.00 $ Costs to be accounted for Work in process March 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, March 31 Materials 11490 Conversion costs Total costs Conversion Costs Total Materials 39668 $ $ 63680 103348 10360 7960 3.83 $ 8.00 $ 11.83 103348 A 103348 87069 11490 16290 103359 Step by Step Solution
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