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Using Excel To Prepare a Production Report The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2022,
Using Excel To Prepare a Production Report The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem or the work area as indicated. Use the SUM function for totals as indicated Prepare a production cost report. Production Units in process, March 1 Units in process, March 31 Units finished and transferred out Units transferred out, percentage complete Units in process, March 31 Direct materials - percentage complete Conversion costs - percentage complete 0 3,000 7,000 100% Quik Fumiture Company Sanding Department Production Cost Report For the Month Ended March 31, 2022 100% 20% Physical Units Conversion Costs Quantities Materials $ Manufacturing costs Costs of units in process, March 1 Costs added during April Materials Labor Overhead 33,000 Total units 21,000 36,000 Total units Conversion Costs Costs Materials Total Unit costs Cost Reconciliation Schedule Total costs Materials Conversion costs Total costs
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