E$21\mathrm{.}7$ Additional Question

The Sanding Department of Quik Fumiture Company has the following production and manufacturing cost data for March $2022,$ the first month of operation.

Production: $7,000$ units finished and transferred out; $3,000$ units started that are $100\backslash \%$ complete as to materials and $\backslash (20\backslash \%\backslash )$ complete as to conversion costs.

Manufacturing costs:

$\backslash$begin$\{$tabular$\}\{$lll$\}$

Materials & $\backslash (\backslash$$ $\backslash )$ & $33,000\backslash \backslash$

Labor & & $21,000\backslash \backslash$

Overhead & & $36,000$

$\backslash$end$\{$tabular$\}$

Instructions

Prepare a production cost report.

NOTE: Enter a formula, a cell reference, or a value $($if you are unable to reference a cell$),$ into the yellow shaded input cells.

Additional Question

Assume that $9,000$ units were completed and transferred out. Total units to be accounted for remains the same. Show the impact of this change on the calculation of equivalent units, unit cost, and on the cost reconciliation schedule.

QUIK FURNITURE COMPANY

Sanding Department

Production Cost Report

For the Month ended March $31,2022$