The Sanding Department of Qulk Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 7.360 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 $39.368; labor $20,700; overhead $42.980. QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process. March 1 Started into production Total units Units accounted for Transferred out Work in process. March 31 Total units Conversion Costs Materials Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process March 1 Started into production Total costs Conversion Costs Materials Total Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, March 31 Materials Conversion costs Total costs