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Accounting

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, Accounting

Category:- Accounting Basics
Reference No.:- M92811732

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