1). For each plant compute the physical units of production.

2). For each plant compute equivalent units of production for materials and for conversion costs.

3). For each plant determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 5.25.) 4). For each plant show the assignment of costs to units transferred out and in process.

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 Cutting Department Plant1 T12-Tables Plant 2 C10-Chairs Production Data-Jul Work in process units, July1 Units started into production Work in process units, July 31 Work in process percent complete 22,400 3,360 60 17,920 560 80 Cost Data-Jul Work in process, July 1 Materials Labor Overhead $0 425,600 262,528 116,480 $804,608 $0 322,560 123,200 117,376 $563,136 Total