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Fix Boxes in RED

Thakin 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 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 23,600 3,540 60 Cost Data-July Work in process, July 1 Materials Labor Overhead $0 448,400 276,592 122,720 $847,712 Total (a4) Your answer is partially correct. Show the assignment of costs to units transferred out and in process. T12 Tables Costs accounted for: Transferred out $ 23600 Work in process Materials 67260 Conversion costs 38232 105592 Total costs 96610