The sanding department of Hanninen Furniture Company has the following production and manufacturing cost data for March 2016, the first month of operation.

Production: 11,000 units finished and transferred out; 4,000 units started that are 100% complete in terms of materials and 25% complete in terms of conversion costs.

Manufacturing costs: materials $48,000; labour $42,000; overhead $36,000.

Instructions

Prepare a production cost report.