RCES Exercise 3-7 (Video) The Sanding Department of Quik Fumiture Company has the following production and manufacturing cost data for March 2020, the first month of operation. ter 3 Production: 7,100 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 $40,400; labor $20,600; overhead $39,460. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal piaces, e.g. 125.) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020 Equivalent Units Conversion Costs Physical Units Materials Quantities Study 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 Conversion Costs Materials Total Costs Unit costs Total Costs Equivalent units Unit custs Costs to be accounted for RESOURCES Units accounted for Chapter 3 Transfemred out e 3-4 e 3-5 e 3-6 e 3-7 e 3-8 e 3-9 Work in process, March 31 Total units Conversion Total Materials Costs Costs (Video) (Video) (Video) (Video) (Video) Unit costs Total Costs Equivalent units (Video) (video) Unit costs s by Study 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 Conversion costs Tutal costs