Compute the physical units of production.

Units to be accounted for

Compute equivalent units of production for materials and for conversion costs.

Total equivalent units

Determine the unit costs of production for July.

Unit costs-T12 Tables

Show the assignment of costs to units completed and transferred out and to work in process for July.

Completed and transferred out

$enter a dollar amount

Work in process

Materials

$enter a dollar amount

Conversion costs

enter a dollar amount

enter a total amount

Total costs

$enter a total amount

Prepare the production cost report for July 2022.

CULLUMBER INDUSTRIES INC. Cutting Department Production Cost Report choose the accountimg period For the Year Ended July 31, 2022For the Month Ended July 31, 2022July 31, 2022
				Equivalent Units
Quantities		Physical Units		Materials		Conversion Costs
Units to be accounted for
Work in process, July 1		enter a dollar amount
Started into production		enter a dollar amount
Total units		enter a dollar amount
Units accounted for
Completed and transferred out		enter a dollar amount		enter a dollar amount		enter a dollar amount
Work in process, July 31		enter a dollar amount		enter a dollar amount		enter a dollar amount
Total units		enter a dollar amount		enter a dollar amount		enter a dollar amount
Costs				Materials		Conversion Costs		Total
Unit costs
Total Costs				$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Equivalent units				enter a dollar amount		enter a dollar amount
Unit costs				$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Cost Reconciliation Schedule
Costs to be accounted for
Work in process, July 1								$enter a dollar amount
Started into production								enter a dollar amount
Total costs								$enter a dollar amount
Costs accounted for
Completed and transferred out								$enter a dollar amount
Work in process, July 31
Materials						$enter a dollar amount
Conversion costs						enter a dollar amount		enter a dollar amount
Total costs								$enter a dollar amount

Cullumber 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. Cutting Department T12-Tables 0 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete as to conversion, July 31 25,600 3,840 60% Cost Data-July $0 486,400 Work in process, July 1 Direct materials used in July Direct labor incurred in July Manufacturing overhead assigned in July 300,032 133,120 Total $919,552