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Function: SUM: Formulas: Multiply. Divide, Cel References Using Excel To Prepare a Production Report The Sanding Department of Qulk Furniture Company has the following production and manutacturing cost data for March 2022, the first month ol operation Student Work Area Required: Provide input into cells shaded in yellow in this template Use mathematical formulas with cell references to the Problem or the work area as indicated. Use the SUM function for totals as indicated Prepare a production cost report Production Units in process, March 1 Units in process, March 31 Units finished and transferred out Units transferred out percentage complete Units in process, March 31 Direct materials percentage complete Conversion cost percentage complete 0 3.000 7.000 100% Quik Furniture Company Sanding Department Production Cost Report For the Month Ended March 31, 2022 100% 20% Physical Units Conversion Costs Materials $ Quantes Units to be accounted for Work in process March 1 Started into production Total units Manufacturing costs Costs of units in process, March 1 Costs added during April Materials Labor Overhead 0 1 33.000 21000 36.000 Units accounted for Transferred out Work in process March 31 Total units 7.000 3.000 7.000 3.000 10.000 7.000 600 7600 24 25 26 2 20 10000 Conversion Costs Materials Total Costs Unit costs Total cost Equivalent units Unit costs 30 31 32 5 33.000 7,600 3 15 30 Cost Reconciliation Schedule Costs to be accounted for Workinprocess March 1 FUWI WOTENDEDOT.CUE U OST Direct materials. percentage complete Conversion costs percentage complete 100% 20% . 17 Physical Units Conversion Costs Materials Quantities Units to be accounted for Work in process March 1 Started into production Total units Manufacturing costs Costs of units in process, March 1 Costs added during April Materials Labor Overhead 20 21 22 21 24 25 30 27 33,000 21.000 36.000 Units accounted for Transferred out Work in process March 31 Total units 7,000 3.000 10 000 7.000 3,000 10.000 7,000 600 7600 Materials Conversion Costs Total 23 10 31 13 33 Costs Unit costs Total cost Equivalent units Unit costs $ 33,000 7,600 38 17 1 39 40 41 Cost Reconciliabon Schedule Costs to be accounted for Work in process March 1 Started into production Total costs Costs accounted for Transferred out Work in process March 31 Materials Conversion costs Total costs 44 $ 48