The Sanding Department of Quik Furniture Company has the following production and manufacturing

E3-7 The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation.

Production: 7,000 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 $33,000; labor $21,000; and overhead $36,000.

Instructions

Prepare a production cost report.