The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the irst month of operation. Production: 7,100 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as o conversion costs. Manufacturing costs: Materials $40,400; labor $20,600; overhead $39,460. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.)

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the irst month of operation. Production: 7,100 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as o conversion costs. Manufacturing costs: Materials $40,400; labor $20,600; overhead $39,460. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.)

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Description: Please do not give solution in image format thanku CostsUnit costsTotal CostsEquivalentunitsUnit costsCosts to beaccounted forWork inprocess,March 1Started intoproductionTotal costsCostReconciliationScheduleCostsaccounted forTransferredoutWork inproc

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 19E

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