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The Sanding Department of Crane Furniture Company has the following production and manufacturing cost data for March 2022,the �rst month of operation.

Production: 7,280 units completed and transferred out; 3,120 units in ending work in process are 100% complete as to materials and20% complete as to conversion costs.

Manufacturing costs: Materials $34,320; labor $21,840; and overhead $37,440.

Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.)

CRANE FURNITURE COMPANYSanding Department

Production Cost Report

Equivalent Units

QuantitiesPhysical

Units MaterialsConversion

Costs

Units to be accounted for

   Work in process, March 1

   Started into production

      Total units

 

Units accounted for

   Completed and Transferred out

   Work in process, March 31

      Total units

 

Costs MaterialsConversion

Costs

Unit costs

221 HW4 Ch 21

10 of 10 – / 1

2/3/23, 10:15 PM NWP Assessment Player UI Application

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   Total Costs $ $

   Equivalent units

   Unit costs $ $

 

Cost Reconciliation Schedule

Costs to be accounted for

   Work in process, March 1

   Started into production

      Total costs

 

Costs accounted for

   Completed and transferred out

   Work in process, March 31

      Materials $

      Conversion costs

   Total costs

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221 HW4 Ch 21

10 of 10 – / 1

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