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The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Production: 7,270 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 $ 34,199; labor $ 20,600; overhead $ 39,606. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25.)

QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2017
				Equivalent Units
Quantities		Physical Units		Materials		Conversion Costs
Units to be accounted for
Work in process, March 1		enter the number of units
Started into production		enter the number of units
Total units		enter a total of the two previous numbers of units
Units accounted for
Transferred out		enter the number of units		enter the number of units		enter the number of units
Work in process, March 31		enter the number of units		enter the number of units		enter the number of units
Total units		enter a total of the two previous numbers of units		enter a total of the two previous numbers of units		enter a total of the two previous numbers of units
Costs				Materials		Conversion Costs		Total
Unit costs
Total Costs				$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount
Equivalent units				enter the number of units		enter the number of units
Unit costs				$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount
Costs to be accounted for
Work in process, March 1								$ enter a dollar amount
Started into production								enter a dollar amount
Total costs								$ enter a total of the two previous amounts
Cost Reconciliation Schedule
Costs accounted for
Transferred out								$ enter a dollar amount
Work in process, March 31
Materials						$ enter a dollar amount
Conversion costs						enter a dollar amount		enter a subtotal of the two previous amounts
Total costs								$ enter a total amount for this part of the report

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