Question

The Sanding Department of Coronado Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation.

Production: 6,260 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 $35,188; labor $21,500; overhead $35,438.

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.)

CORONADO FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020
				Equivalent Units
Quantities		Physical Units		Materials		Conversion Costs
Units to be accounted for
Work in process, March 1
Started into production
Total units
Units accounted for
Transferred out
Work in process, March 31
Total units

Costs				Materials		Conversion Costs		Total
Unit costs
Total Costs				$		$		$
Equivalent units
Unit costs				$		$		$
Costs to be accounted for
Work in process, March 1								$
Started into production
Total costs								$

Cost Reconciliation Schedule

Costs accounted for

   Transferred out

$

   Work in process, March 31

      Materials

$

      Conversion costs

   Total costs

$

Answer 1

			Production Cost Report
				Equivalent units
Quantities			Physical	Materials	Conversion
			units		costs
Units to be accounted for
Work in process,March 1			0
Started into production			9,260
Total units			9260
Units accounted for
Transferred out			6,260	6,260	6,260
Work in process,March 31			3,000	3,000	600
Total units			9,260	9,260	6,860
Costs				Materials	CC	total
unit costs
total costs				35,188	56938	92,126
Equivalent units				9,260	6,860
unit costs				3.8	8.3	12.1
costs to be accounted for
Work in process ,March 1						0
started in production						92,126
total costs						92126
Cost Reconciliation Schedule
Costs accounted for
Transferred out						75746
Work in process,March 31
materials					11400
conversion costs					4980	16380
total costs						92126