The Sanding Department of Ortiz 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 that are 100% complete as to materials and 20% complete as to conversion costs.
Manufacturing costs: Materials $33,000; labor $21,000; overhead $36,000.
Prepare a production cost report