BACK Problem 3-SA (Video) 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 a product are as follows Cutting Department Production Data- uly Work in process units, uly 1 Units started into production 22,000 Work in process units, July 31 ,300 Work in process percent complers Cost Data-July Work in process, uly 1 50 Materials 18,000 57,840 Overtead 114,400 Total $790,240 Compute the physical unts of production 112 Tables Compute equivalent units of production for materials and For conversion costs Materials Comersion Costs 112 Tables Graca SDetermine the unit costs of production. Materials Conversion Costs Total Costs Unit costs-T12 Tables Show the assignment of costs to units transferred out and in process. udy T12 Tables Costs accounted for: Transferred out Work in process Materials Conversion conts Total costs Prepare the production cost report for July 2020 THAKN NDUSTRIES INC. Cutting Department Plant I Production Cost Report For the Month Ended July 31, 2020 Physical Quantities Materials Units to be accouunted for Work in process, July 1 ype here to searchy TAKIN INDUSTRIES INC. Cutting Department-Plant 1 Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Physical Units Conversion antities Materials Costs Units to be accounted for Work in process, July 1 Started into production Total units Units accounted fo Transferred out Work in process, July 31 Total units Costs Materials Costs Total Unit costs lotal Costs Equivalent units Unit costs Costs to be accounted for Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, July 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs Click if you would like to Show Work for this question: Open Show Work