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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

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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