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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 completed and transferred out; 3,000 units in ending work in process are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs. Materials $33,000, labor $21,000, and overhead $36,000. Prepare a production cost report. (Round unit costs to 2 decimal places, eg. 2.25 and other answers to 0 decimal places, eg. 125)
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