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The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production:
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 6,240 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 $36.960; labor $21,400; overhead $30.242. Prepare a production cost report. (Round unit costs to 2 decimal places, eg. 2.25 and other answers to O decimal places, e.g. 125.) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020 Quantities Units to be accounted for Workin process, March 1 Started into production Total units Units accounted for Transferred nut Physical Units Materials Equivalent Units Conversion Costs
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