Thakin Industries Inc. manufactures dorm furniture in separateprocesses. In each process, materials are entered at the beginning,and conversion costs are incurred uniformly. Production and costdata for the first process in making a product are as follows.
| | Cutting Department |
Production Data—July | | T12-Tables |
| Work in process units, July 1 | | 0 |
| Units started into production | | 20,800 |
| Work in process units, July 31 | | 3,120 |
| Work in process percent complete | | 60 |
| | |
Cost Data—July | | |
Work in process, July 1 | | $0 |
Materials | | 395,200 |
Labor | | 243,776 |
Overhead | | 108,160 |
   Total | | $ 747,136 |
(a1)
Compute the physical units of production.
| | T12 Tables |
| Units to be accounted for | | |
b. For each plant compute equivalent units of production formaterials and for conversion costs.
c). For each plant determine the unit costs of production.(Round unit costs to 2 decimal places, e.g.5.25.)
d). For each plant show the assignment of costs to unitstransferred out and in process.
