Concord 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-July Work in process units, July 1 Units started into production T12-Tables 0 23,400 Work in process units, July 31 3,510 Work in process percent complete 60 60 Cost Data-July Work in process, July 1 $0 Materials 444,600 Labor 274,248 Overhead Total 121,680 $840,528 Compute the physical units of production. T12 Tables Units to be accounted for 23400 Compute equivalent units of production for materials and for conversion costs. Materials T12 Tables Conversion Costs