ACC 560 MART Great Stories /acc560mart.com ACC 560 MART Great Stories /acc560mart.com | Page 9

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.
Costs: Work in process, April 1 Direct materials: 100%
complete $100,000 Conversion costs: 20% complete 70,000 Cost
of work in process, April 1 $170,000 Costs incurred during
production in April Direct materials $ 800,000 Conversion costs
365,000 Costs incurred in April $1,165,000