Exercise 16-7 the sanding department of richards furniture company
The Sanding Department of Richards Furniture Company has the following production and manufacturing cost data for March 2014, the first month of operation. Production: 8,010 units finished and transferred out; 4,100 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $42,385; labor $24,270; overhead $31,359. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25.) […]