Lily 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 DataJuly		T12-Tables
Work in process units, July 1		0
Units started into production		20,600
Work in process units, July 31		3,090
Work in process percent complete		60
Cost DataJuly
Work in process, July 1		$0
Materials		391,400
Labor		241,432
Overhead		107,120
Total		$739,952

1. For each plant compute the physical units of production. T12 Tables: ___

2. For each plant compute equivalent units of production for materials and for conversion costs: T12 Tables: Materials:____ Conversion costs: ____

3. For each plant determine the unit costs of production: Unit costs- T12 tables: Materials: ____ Conversion costs: ____ Total costs: ____

4. For each plant show the assignment of costs to units transferred out and in process

5. Produce a production cost report