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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: 6,260

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 6,260 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 $35,188; labor $21,500; overhead $35,438. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.)

QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020

Equivalent Units

Quantities

Physical Units

Materials

Conversion Costs

Units to be accounted for

Work in process, March 1

enter a number of units

Started into production

enter a number of units

Total units

enter a total number of units

Units accounted for

Transferred out

enter a number of units

enter a number of units

enter a number of units

Work in process, March 31

enter a number of units enter a number of units enter a number of units

Total units

enter a total number of units enter a total number of units enter a total number of units

Costs

Materials

Conversion Costs

Total

Unit costs

Total Costs

$enter a dollar amount

$enter a dollar amount

$enter a total of the two previous amounts

Equivalent units

enter a number of units enter a number of units

Unit costs

$enter a dollar amount rounded to 2 decimal places

$enter a dollar amount rounded to 2 decimal places

$enter a total of the two previous amounts rounded to 2 decimal places

Costs to be accounted for

Work in process, March 1

$enter a total amount

Started into production

enter a total amount

Total costs

$enter a total of the two previous amounts

Cost Reconciliation Schedule

Costs accounted for

Transferred out

$enter a total 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

$enter a total amount for this Cost Reconciliation Schedule

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