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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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