E3-7 The Sanding Department of Richards Furniture Company has the following production and manufacturing cost data for March 2014, the first month of operations.
Production: 9,000 units finished and transferred out; 3,000 units started that are100% complete as to materials and 20% complete as to conversion costs.
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Manufacturing costs:
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Materials
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$33,000
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Labor
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$24,000
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Overhead
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$36,000
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Instructions
Prepare a production cost report.
TUTORIAL PREVIEW
Prepare a production cost report.
RICHARDS FURNITURE COMPANY
Sanding Department
Production Cost Report
For the Month Ended March 31, 2014
Equivalent Units
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Physical
Units |
Materials
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Conversion
Costs | ||
Quantities
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Units to be accounted for
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work in process, March 1
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0
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Started into production
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12,000
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File name: E3-7 The Sanding.xls File type: xls-template PRICE: $5
