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 Data-July Work in process units, July 1 Units started into production T12-Tables 0 23,200 Work in process units, July 31 3,480 Work in process percent complete 60 Cost Data-July Work in process, July 1 $0 Materials 440,800 Labor 271,904 Overhead 120,640 Total $833,344 Show the assignment of costs to units transferred out and in process. Costs accounted for: Transferred out Work in process Materials T12 Tables 66120 $ EA Conversion costs I 21808 Total costs eTextbook and Media EA 806896