Question: Chapter 3 Assignment Question 10 of 12 View Policies Current Attempt in Progress -/8.34 The Sanding Department of Cullumber Furniture Company has the following production
Chapter 3 Assignment Question 10 of 12 View Policies Current Attempt in Progress -/8.34 The Sanding Department of Cullumber Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 8,960 units completed and transferred out; 3,840 units in ending work in process are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $42.240; labor $26,880; and overhead $46,080. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to O decimal places, e.g. 125.) CULLUMBER FURNITURE COMPANY Sanding Department Production Cost Report Quantities. Physical Units Materials Units to be accounted for Work in process, March 1 Started into production Equivalent Units Conversion Costs Quantities Units to be accounted for Work in process, March 1 Started into production Physical Units Total units Units accounted for Completed and Transferred out Work in process, March 31 Total units CULLUMBER FURNITURE COMPANY Sanding Department Production Cost Report Materials Equivalent Units Conversion Costs Costs Unit costs Total Costs Equivalent units Unit costs Materials Conversion Costs Cost Reconciliation Schedule Costs to be accounted for Work in process, March 1 Started into production Total costs Costs accounted for Completed and transferred out Work in process, March 31 Materials Conversion costs Total costs
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
