Current Attempt in Progress Blossom 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 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 16,000 2.400 6096 Cost Data-July Work in process, July 1 Direct materials used in July Direct labor incurred in July Manufacturing overhead assigned in July Total $0 304.000 187,520 83.200 $574.720 (a 1) Question 3 of 7 3.5/5 III Prepare the production cost report for July 2022. BLOSSOM INDUSTRIES INC. Cutting Department Production Cost Report Equivalent Units Physical Units Conversion Costs Materials 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 Question 3 of 7 > 3.5/5 III Total units Conversion Costs Costs Materials Unit costs Total Costs $ Equivalent units Unit costs $ S $ 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 $ eTextbook and Media Conversion Costs Physical Units % % Materials Work in process, July 1 Started into production Total units Completed and transferred out Work in process, July 31 Total units Total equivalent units 16,000 16,000 13,600 2,400 16,000 100% 100% 100% 60% 13,600 2,400 13,600 1,440 16,000 15,040 Cost per Equivalent units: Work in process, July 1 Started into production Total Costs Divided by Equivalent units Units costs Conversion Materials Costs $0 $0 $304,000 $270,720 $304,000 $270,720 16,000 15,040 $19.00 S18.00 Total $0 $574,720 $574,720 S37.00 $503.200 Costs accounted for Completed and transferred out Work in process, July 31 Materials Conversioncosts Total costs $45,600 $25,920 $71,520 $574,720