I need help with this problem. Mostly based around process costing in Chapter 21 of the book Wiley.

4/2/2016 Problem 21-3A Problem 213A 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 T12Tables Production DataJuly Plant 2 C10Chairs Work in process units, July 1 0 0 Units started into production 24,200 19,360 3,630 605 60 80 $0 $0 Materials 459,800 348,480 Labor 283,624 133,100 Overhead 125,840 126,808 $869,264 $608,388 Work in process units, July 31 Work in process percent complete Cost DataJuly Work in process, July 1 Total For each plant compute the physical units of production. T12 Tables C10 Chairs Units to be accounted for For each plant compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables C10 Chairs For each plant determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 5.25.) http://edugen.wileyplus.com/edugen/student/mainfr.uni 1/4 4/2/2016 Problem 21-3A Materials Unit costsT12 Tables Conversion Costs Total Costs $ $ $ Unit costsC10 Chairs $ $ $ 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 $ Work in process Materials $ Conversion costs Total costs $ Prepare the production cost report for Plant 1 for July 2017. THAKIN INDUSTRIES INC. Cutting DepartmentPlant 1 Production Cost Report For the Month Ended July 31, 2017 http://edugen.wileyplus.com/edugen/student/mainfr.uni 2/4 4/2/2016 Quantities Units to be accounted for Problem 21-3A Equivalent Units Conversion Materials Costs Physical Units Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Costs Unit costs Total Costs Conversion Costs Materials Total $ $ $ $ $ $ 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 http://edugen.wileyplus.com/edugen/student/mainfr.uni 3/4 4/2/2016 Problem 21-3A Total costs $ Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wileyplus.com/edugen/student/mainfr.uni 4/4