The Sanding Department of Crane Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 5.740 units completed and transferred out; 2.460 units in ending work in process are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $28,700; labor $17.220; and overhead $29.520. Prepare a production cost report. (Round unit costs to 2 decimal places, eg. 2.25 and other answers to 0 decimal places, e.g. 125.)
The Sanding Department of Crane Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 5.740 units completed and transferred out; 2.460 units in ending work in process are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $28,700; labor $17.220; and overhead $29.520. Prepare a production cost report. (Round unit costs to 2 decimal places, eg. 2.25 and other answers to 0 decimal places, e.g. 125.)
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The Sanding Department of Crane Furniture Company has the following production and manufacturing cost data for March 2022, the
first month of operation.
Production: 5.740 units completed and transferred out; 2.460 units in ending work in process are 100% complete as to materials and
20% complete as to conversion costs.
Manufacturing costs: Materials $28,700; labor $17.220; and overhead $29.520.
Prepare a production cost report. (Round unit costs to 2 decimal places, eg. 2.25 and other answers to 0 decimal places, e.g. 125.)
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