Pharoah 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 T12-Tables Production Data-July Work in process units, July 1 Units started into production 0 23,400 Work in process units, July 31 3,500 Work in process percent complete 60 Cost Data-July Work in process, July 1 Materials 468,000 Labor 296,320 Overhead Total 121,680 $886,000 Your answer is correct. Compute the physical units of production. Units to be accounted for eTextbook and Media (a2) T12 Tables 23,400 Your answer is correct Compute equivalent units of production for materials and for conversion costs Materials T12 Tables 23,400 eTextbook and Media Conversion Costs 22.000 Attempts: 1 of 5 used Determine the unit costs of production. Materials Unit costs-T12 Tables $ eTextbook and Media (a4) P 20.00 Conversion Costs Your answer is correct. Show the assignment of costs to units transferred out and in process. Costs accounted for: Transferred out T12 Tables Work in process Materials 70000 Total Costs 19.00 $ 776,100 Conversion costs 39,900 109,900 Total costs 886,000 39 Attempts: 1 of 5 used Prepare the production cost report for July 2022. PHAROAH INDUSTRIES INC. Cutting Department-Plant 1 Production Cost Report July 31,2022 Quantities Units to be Physical Units Materials accounted for Work in 23,0 process, July 1 Started into -3,500 production Total units 19.900 Units accounted for Transferred out Work in process, July 31 Total units Equivalent Units Conversion Costs 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 Materials $ Conversion Costs $ Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs eTextbook and Media Save for Later $ $ Attempts: 0 of 5 used Submit