The Sanding Department of Sunland Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 7,280 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 $34,438; labor $20,600; overhead $39,682. Prepare a production cost report.

Exercise 16-07 (Video) The Sanding Department of Sunland Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 7,280 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 $34,438; labor $20,600; overhead $39,682. 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.) SUNLAND FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020 Equivalent Units Physical Conversion Quantities Units Materials Units to be accounted for Work in process, March 1 Costs Started into production Total units Units accounted for Transferred out Work in process, March 31 Total units Conversion Costs Costs Materials Total Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, March 1 Started into production S Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, March 31 Materials S S Conversion costs Total costs Exercise 16-14 Swifty Inc. is contemplating the use of process costing to track the costs of its operations. The operation consists of three segments (departments): Receiving, Shipping, and Delivery. Containers are received at Swifty's docks and sorted according to the ship they will be carried on. The containers are loaded onto a ship, which carries them to the appropriate port of destination. The containers are then off-loaded and delivered to the Receiving Department. Swifty wants to begin using process costing in the Shipping Department. Direct materials represent the fuel costs to run the ship, and Containers in transit" represents work in process. Listed below is information about the Shipping Department's first month's activity. Containers in transit, April 1 Containers loaded 1,200 Containers in transit, April 30 340, 40% of direct materials and 20% of conversion costs 0 (a) Determine the physical flow of containers for the month. Physical flow of containers (b) Calculate the equivalent units for direct materials and conversion costs Click if you would like to Show Work for this question: Open Show Work