hakin industries Inc. manufactures dorm furniture in separate Processes. In each process matenals are Entered at the bcginning, nd oanversion oasts are incurred uniformly. Production and CDst data ar thc first pracessin aking a product are as allows. Cutting Department T12-Tables Production Data-Jul Work in process units, luly 1 Units started into production Work in process units, July 31 Work in process percent completa 20,000 3,000 Cost Data-Jul Wark in process, July 1 Materials Labar Overhead $0 380,000 234,400 104,000 718,400 Total Compute the physical units of praduction. T12 Tables Units to be accounted for Compute equivalent units af praduction for materils and for conversian casts. Materials Conversion Costs T12 Tables Determine the unit costs of production Materials Conversion Costs Total Costs Unit costs-T12 Tables Show the assignment of costs to units transferred out and in process T12 Tables Costs accounted for: Trersferred out Work in process Materiak Conversion casts Total costs Prepare the production cost report for July 2020. THAKIN INDUSTRIES INC. Cutting Department-Plant 1 Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Physical Units Conversion Costs Quantities Materials 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 Conversion Costs Total Materials Costs Unit costs Total Costs Equivalent units 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 Conversion costs Total costs