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Problem 3-3A (Video) (Part Level Submission) 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 Production Data-July T12-Tables Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 21,200 3,180 60 Cost Data-July Work in process, July 1 $0 Materials 402,800 Labor 248,464 Overhead 110,240 Total $761,504 (a1) Your answer has been saved and sent for grading. See Gradebook for score details. Compute the physical units of production. T12 Tables Units to be accounted for 21,200 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM By accessing this Auction Accictanco Vou will learn while you arn pointe based on the Doint Dotential Dolicy cot by your instructor (a2) 2 Your answer has been saved and sent for grading. See Gradebook for score details. Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables 21,200 19092 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. (a3) Your answer has been saved and sent for grading. See Gradebook for score details. Determine the unit costs of production. Materials Conversion Costs Unit costs-T12 Tables $ 19 $ 18 Total Costs Unit costs-T12 Tables $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 1 of 1 used on You have surpassed the number of attempts (a4) Your answer has been saved and sent for grading. See Gradebook for score details. 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 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM By accessing this Question Assistance You will learn while you earn noints based on the Point Potential Policy set by your instructor (b) 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 Materials 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 Conversion Costs Costs Materials Total Unit costs Total Costs $ Equivalent units Unit costs Costs to be accounted for Work in process, July 1 $ Started into production Total costs AI Cost Reconciliation Schedule Costs accounted for Transferred out % Work in process, July 31 Materials Conversion costs Total costs Click if you would like to Show Work for this question: Open Show Work