Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows.

Please answer the following parts:

1. For each plant compute the physical units of production. T12 Tables: ___ C10 Chairs:____

2. For each plant compute equivalent units of production for materials and for conversion costs: T12 Tables: Materials:____ Conversion costs: ____ c10 Chairs: Materials: _____ Conversion costs: _____

3. For each plant determine the unit costs of production: Unit costs- T12 tables: Materials: ____ Conversion costs: ____ Total costs: ____ Unit costs- C10 chairs: Materials: _____ Conversion costs: ___ Total costs: ____

4. For each plant show the assignment of costs to units transferred out and in process

5. Produce a production cost report

Thank you

Cutting Department Plant 2 C10-Chairs Plant 1 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete T12- Tables 20,000 3,000 60 18,000 500 80 Cost Data-July Work in process, July 1 Materials Labor Overhead $0 380,000 234,400 104,000 $718,400 $0 288,000 110,000 104,800 $502,800 Total