FULL SCREEN ASS RES w E E Exercise 21-07 The Sanding Department of Crane Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation Production: 6,000 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 $27,000; labor $20,500; overhead $29,000. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to decimal places, e.g. 125.) 4 Production Cost Report For the Month Ended March 31, 2020 Equivalent Units Physical Conversion Units Materials Costs Quantities Units to be accounted for Work in process, March 1 0 Started into production 9,000 Total units 9,000 Units accounted for Transferred out 6,000 6,000 6,000 Work in process, March 31 3,000 3,000 Total units 9,000 9,000 SS Costs Conversion Costs Materials Total Unit costs Total Costs Equivalent units Unit costs $ Costs to be accounted for Work in process, March 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, March 31 Materials Conversion costs Total costs Te All Rights Resented A Division of lohn