Question

Question 6 of 11 < 5.34/8.75 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation Production: 6.240 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 $36,960, labor $21,400; overhead $30.242. Propare a production cost report. (Round unit costs to 2 decimal places, es 2.25 and other answers to decimal places, es, 125) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020 Equivalent Units Physical Units Conversion Costs Materials Quantities Units to be
Conversion cost and total cost please

Answer 1

Production Cost Report for the month ended March 31, 2020

		Equivalent Units
Quantities	Physical Units	Materials	Conversion costs
Units to be accounted for Work in process, March 1	0
Started into production	9,240
Total units	9,240
Units accounted for Transferred out	6,240	6,240	6,240
Work in process, March 31	3,000	3,000	600(3,000*20%)
Total units	9,240	9,240	6,840
Costs	Materials	Conversion costs	Total
Unit costs
Total costs	36,960	51,642	88,602
Equivalent units	9,240	6,840
Unit costs	4.00	7.55	11.55