The sanding department of quik furniture company has the, Accounting Basics

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The sanding department of quik furniture company has the

Problem

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation.

Production: 6,940 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 $38,965; labor $20,500; overhead $43,288.

Prepare a production cost report.

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Accounting Basics: The sanding department of quik furniture company has the

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