Question

The Sanding Department of Bramble Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 6,600 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. osh Manufacturing costs: Materials $31,6B0; labor $20,700; overhead $35,460. Prepare a production cost report. (Round unlt costs to 2 decimal places, eg. 2.25 and other answers to decimal places. e.s. 125.) BRAMBLE FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020 Equivalent Units Physical Units Quantities - Conversion Costs Materials Materials 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
For the Month Ended March 31, 2020
		Equivalent Units
	Physical Units	Materials	Conversion Costs
Units to be accounted for
Work in process, March 1	0
Started into production	9600
Total units	9600
Units accounted for
Transferred out	6600	6600	6600
Work in process, March 31	3000	3000	600
Total units	9600	9600	7200
		Materials	Conversion Costs	Total
Unit costs
Total costs		31680	56160	87840
Equivalent units		9600	7200
Unit costs		3.30	7.80	11.10
Costs to be accounted for
Work in process, March 1				0
Started into production				87840
Total costs				87840
Cost Reconciliation Schedule
Costs accounted for
Transferred out				73260	=6600*11.10
Work in process, March 31
Materials			9900		=3000*3.30
Conversion costs			4680	14580	=600*7.80
Total costs				87840