Answer:
Quick Furniture Company
The Sanding Department
Production Report
For the month of March 2017:
Materials Conversion Total
Manufacturing costs $35,948 $56,240 $92,188
Cost per equivalent unit:
Manufacturing costs $35,948 $56,240
Equivalent units 9,510 7,110
Cost per equivalent unit $3.78 $7.91
Cost assigned to:
Units transferred out $24,608 $51,494 $76,102
Ending Work in Process $11,340 $4,746 16,086
Total costs assigned $35,948 $56,240 $92,188
Explanation:
a) Data and Calculations:
Materials Conversion
Units started 9,510
Units completed 6,510 6,510 6,510
Ending WIP 3,000 3,000 600
Equivalent units 9,510 7,110
Production Cost Report:
Materials Conversion Total
Manufacturing costs $35,948 $56,240 $92,188
Cost per equivalent unit:
Manufacturing costs $35,948 $56,240
Equivalent units 9,510 7,110
Cost per equivalent unit $3.78 $7.91
Cost assigned to:
Units transferred out $24,608 $51,494 $76,102
($3.78 * 6,510) ($7.91 * 6,510)
Ending Work in Process $11,340 $4,746 16,086
($3.78 * 3,000) ($7.91 * 600)
Total costs assigned $35,948 $56,240 $92,188
