Question
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Production: 9,590
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Production: 9,590 units started which is comprised of 6,590 units finished and transferred out and 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $31,839; labor $20,700; overhead $35,526. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25.)
QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2017 | ||||||||
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Equivalent Units | ||||||||
Quantities | Physical Units | Materials | Conversion Costs | |||||
Units to be accounted for | ||||||||
Work in process, March 1 | enter the number of units | |||||||
Started into production | enter the number of units | |||||||
Total units | enter a total of the two previous numbers of units | |||||||
Units accounted for | ||||||||
Transferred out | enter the number of units | enter the number of units | enter the number of units | |||||
Work in process, March 31 | enter the number of units | enter the number of units | enter the number of units | |||||
Total units | enter a total of the two previous numbers of units | enter a total of the two previous numbers of units | enter a total of the two previous numbers of units | |||||
Costs | Materials | Conversion Costs | Total | |||||
Unit costs | ||||||||
Total Costs | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | |||||
Equivalent units | enter the number of units | enter the number of units | ||||||
Unit costs | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | |||||
Costs to be accounted for | ||||||||
Work in process, March 1 | $enter a dollar amount | |||||||
Started into production | enter a dollar amount | |||||||
Total costs | $enter a total of the two previous amounts | |||||||
Cost Reconciliation Schedule | ||||||||
Costs accounted for | ||||||||
Transferred out | $enter a dollar amount | |||||||
Work in process, March 31 | ||||||||
Materials | $enter a dollar amount | |||||||
Conversion costs | enter a dollar amount | enter a subtotal of the two previous amounts | ||||||
Total costs |
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