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Question 10 of 12 View Policies Current Attempt in Progress The Sanding Department of Sunland Furniture Company has the following production and manufacturing cost data
Question 10 of 12 View Policies Current Attempt in Progress The Sanding Department of Sunland Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 6.580 units completed and transferred out; 2,820 units in ending work in process are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $31,020; labor $19,740; and overhead $33,840. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to O decimal places, e.g. 125.) SUNLAND FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2022 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, March 1 Started into production 9400 Total units 9400 Units accounted for Completed and Transferred out 6580 6580 6580 Work in process, March 31 2820 2820 564 Total units 9400 9400 7144 Conversion Costs Materials Costs Total Unit costs Total Costs 31020 53580 83348 Equivalent units 9400 7144 Unit costs 3.30 $ 7.50Cost Reconciliation Schedule Costs to be accounted for Work in process, March 1 Started into production 83348 Total costs 83348 Costs accounted for Completed and transferred out Work in process, March 31 Materials Conversion costs Total costs
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