The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first m Production: 6,760 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to Manufacturing costs: Materials $37,088; labor $20,800; overhead $40,509. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25.) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2017 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 Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Physical Units Equivalent Units Materials Materials MA Conversion Costs Conversion Costs Total
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first m Production: 6,760 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to Manufacturing costs: Materials $37,088; labor $20,800; overhead $40,509. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25.) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2017 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 Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Physical Units Equivalent Units Materials Materials MA Conversion Costs Conversion Costs Total
Chapter5: Process Costing
Section: Chapter Questions
Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...
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![The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation.
Production: 6,760 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 $37,088; labor $20,800; overhead $40,509.
Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25.)
QUIK FURNITURE COMPANY
Sanding Department
Production Cost Report
For the Month Ended March 31, 2017
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
Costs
Unit costs
Total Costs
Equivalent units
Unit costs
Costs to be accounted for
Work in process, March 1
Started into production
Physical
Units
Equivalent Units
Materials
Materials
Conversion
O Costs
Conversion
Costs
Total](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7be1bef2-77c6-46ad-ae76-fae184ecff15%2F7d5ed8d8-f984-4c06-bc70-4497b99ae532%2Fknmrn4c_processed.png&w=3840&q=75)
Transcribed Image Text:The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation.
Production: 6,760 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 $37,088; labor $20,800; overhead $40,509.
Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25.)
QUIK FURNITURE COMPANY
Sanding Department
Production Cost Report
For the Month Ended March 31, 2017
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
Costs
Unit costs
Total Costs
Equivalent units
Unit costs
Costs to be accounted for
Work in process, March 1
Started into production
Physical
Units
Equivalent Units
Materials
Materials
Conversion
O Costs
Conversion
Costs
Total
![Cost Reconciliation Schedule
Costs accounted for
Transferred out
Work in process, March 31
Materials
Conversion costs
Total costs
SA
L
SA](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7be1bef2-77c6-46ad-ae76-fae184ecff15%2F7d5ed8d8-f984-4c06-bc70-4497b99ae532%2Fd5yzpxa_processed.png&w=3840&q=75)
Transcribed Image Text:Cost Reconciliation Schedule
Costs accounted for
Transferred out
Work in process, March 31
Materials
Conversion costs
Total costs
SA
L
SA
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