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E3-7 Prepare a production report The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Production: 7,000 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 $33,000; labor $21,000; overhead $36,000.

Instructions Prepare a production cost report.

NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" .

After you have completed the requirements of E3-7, consider this additional question.
1.	Assume that 9,000 units were completed and transferred out. Show the impact of this change
	on the calculation of equivalent units, unit cost, and on the cost reconciliation schedule.