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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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