c8 000 (e) Prepare a production 400 June. P17-3A Thakin Industries Inc. manufactures dorm furniture in s each process, materials are entered at the beginning, and conversion costs uniformly. Production and cost data for the first process in making t different manufacturing plants are as follows. are incurred in tw sary wo products ost Cutting Department Plant 1 Plant 2 T12-Tables C10-Chairs Production Data--Jul Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 20,000 3,000 60 18,000 500 80 Cost Data-July Work in process, July1 Materials Labor Overhead 380,000 234,400 104,000 $718,400 288,000 110,000 104,800 $502,800 Total Instructions (a) For each plant: (1) Compute the physical units of production. (2) Compute equivalent units of production for materials and for conversion costs. (3) Determine the unit costs of production. (4) Show the assignment of costs to units transferred out and in process Prepare the production cost report for Plant 1 for July 2017 (b)