FULL SCREEN PRINTER VERSION BACK NEXT Problem 17-3A 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 two products in two different manufacturing plants are as follows. Cutting Department Plant 1 Plant 2 Production Data-July T12-Tables C10-Chairs Work in process units, July 1 0 0 Units started into production 20,600 16,480 Work in process units, July 31 3,090 515 Work in process percent complete 60 80 Cost Data-July Work in process, July 1 Materials Labor Overhead Total $0 391,400 241,432 107,120 $739,952 $0 296,640 113,300 107,944 $517,884 Your answer is correct. For each plant compute the physical units of production T12 Tables Units to be accounted for 20,600 C10 Chairs 16,480 Version 4.242 nicy 2000-2020.ohn Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. ctv Meil Your answer is partially correct. Try again. For each plant compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables 20,600 C10 Chairs 16,480 x Your answer is incorrect. Try again. For each plant determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 5.25.) Materials Conversion Costs Total Costs Unit costs-T12 Tables XM Unit costs-C10 Chairs xYour answer is incorrect. Try again. For each plant show the assignment of costs to units transferred out and in process. T12 Tables Costs accounted for: molicy. 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. For each plant show the assignment of costs to units transferred out and in process. T12 Tables Costs accounted for: Transferred out Work in process Materials Conversion costs Total costs C10 Chairs Costs accounted for: Transferred out $1 Work in process Materials Conversion costs x x Total costs licy. I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. FULL THAKIN INDUSTRIES INC. Cutting Department Plant 1 Production Cost Report For the Month Ended July 31, 2017 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Materials Conversion Costs Total Costs Unit costs Total Costs Equivalent units Unit costs Slicy. I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. W etv RA Se 13 Assignment Gradebook ORION Downloadable eTextbook ent F Total Costs Equivalent units x Unit costs Costs to be accounted for Work in process, July 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials X X Conversion costs Total costs Question Attempts: Un icy. I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc