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The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 7,000
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation.
Production: 7,000 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 | $ 33,000 | |||
Labor | 21,000 | |||
Overhead | 36,000 | |||
Instructions | ||||
Prepare a production cost report. |
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