ACC 560 MART Extraordinary Success/acc560mart.com ACC 560 MART Extraordinary Success/acc560mart.com | Page 10

were 40% complete. Materials are entered at the beginning of the
painting process.
Instructions
(a) How many units are in process at May 31?
(b) What is the unit materials cost for May?
(c) What is the unit conversion cost for May?
(d) What is the total cost of units transferred out in May?
(e) What is the cost of the May 31 inventory?
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 arc 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.
E3-8
The Blending Department of Luongo Company has the following cost
and produc-tion data for the month of April.