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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: 9,380 units started which is comprised of 6,380 units finished and transferred out and 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $33,487: labor $21.400; overhead $35,627. Prepare a production cost report. (Round unit costs to 2 decimal places, eg 2.25) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2017

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Production: 9,380 units started which is comprised of 6,380 units finished and transferred out and 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $33,487: labor $21.400; overhead $35,627. Prepare a production cost report. (Round unit costs to 2 decimal places, eg 2.25) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2017

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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: 9,380 units started which is comprised of 6,380 units finished and transferred out and 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $33,487: labor $21.400; overhead $35,627. Prepare a production cost report. (Round unit costs to 2 decimal places, eg. 2.25) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2017 Equivalent Units
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: 9,380 units started which is comprised of 6,380 units finished and transferred out and 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $33,487: labor $21.400; overhead $35,627. Prepare a production cost report. (Round unit costs to 2 decimal places, eg. 2.25) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2017 Equivalent Units
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