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. Production Data-July Work in process units, July 1 Cutting Department T12-Tables Units started into production Work in process units, July 31 Work in process percent complete as to conversion, July 31 21,200 3,180 60% Cost Data-July Work in process, July 1 $0 Direct materials used in July 402,800 Direct labor incurred in July 248,464 Manufacturing overhead assigned in July 110,240 Total $761,504 Compute the physical units of production. Units to be accounted for eTextbook and Media T12 Tables 21200 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs Total equivalent units 21200 19100 eTextbook and Media Determine the unit costs of production for July. Materials Unit costs-T12 Tables $ eTextbook and Media 19 $ Conversion Costs 18 Total Costs Show the assignment of costs to units completed and transferred out and to work in process for July. T12 Tables Costs accounted for: Completed and transferred out Work in process Materials Conversion costs Total costs 69 37 Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Completed and transferred out Work in process, July 31 Total units Physical Units CULLUMBER INDUSTRIES INC. Cutting Department-Plant 1 Production Cost Report Materials Equivalent Units Conversion Costs 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 $ Materials $ Conversion 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 Conversion costs Total costs $