Question
The Sanding Department of Wildhorse Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 8,540
The Sanding Department of Wildhorse Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 8,540 units completed and transferred out; 3,660 units in ending work in process are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $ 42,700; labor $ 25,620; and overhead $ 43,920. 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.)
WILDHORSE FURNITURE COMPANY Sanding Department Production Cost Report choose the accounting period March 31, 2022For the Year Ended March 31, 2022For the Month Ended March 31, 2022 | ||||||||
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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 | ||||||||
Completed and 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 dollar amount | |||||
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 dollar amount rounded to 2 decimal places | |||||
Cost Reconciliation Schedule | ||||||||
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 amount | |||||||
Costs accounted for | ||||||||
Completed and transferred out | $ enter a dollar 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 |
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