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Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Compute the physical units of production. Compute equivalent units of production for materials and for conversion costs. Determine the unit costs of production for July. Show the assignment of costs to units completed and transferred out and to work in process for July. Prepare the production cost report for July 2022. Units accounted for Completed and transferred out Work in process, July 31 Total units Costs Unit costs Total Costs Equivalent units Unit costs Cost Reconciliation Schedule Costs to be accounted for Work in process, July 1 Started into production Total costs Costs accounted for Completed and transferred out Work in process, July 31 Materials $ Costs to be accounted for Work in process, July 1 Started into production Total costs Costs accounted for Completed and transferred out Work in process, July 31 Materials Conversion costs Total costs ted for leted rred in i, July Materials Conversion Costs $