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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.

Problem 16-3A (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 two products in two different manufacturing plants are as follows. Cutting Department Plant 1 Plant 2 T12-Tables C10-Chairs Production Data-July 0 17,600 Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 22,000 3,300 550 60 80 $0 Cost Data-July Work in process, July 1 Materials Labor Overhead Total 418,000 257,840 114,400 $790,240 $0 316,800 121,000 115,280 $553,080 (al) Your answer is correct. For each plant compute the physical units of production. 112 Tables C10 Chairs Units to be accounted for T 22000 1 17600 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 15 used (a3) Your answer is correct. For each plant determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 5.25.) Materials Conversion Costs Total Costs Unit costs-T12 Tables 19.00 18.00 37.00 > Unit costs-C10 Chairs 18.00 13.51 31.51 A Click if you would like to Show Work for this question: Open Show Work For each plant show the assignment of costs to units transferred out and in process. T12 Tables Costs accounted for: Transferred out 691,900 Work in process Materials AK 62,700 Conversion costs T 35,640 T 98,340 Total costs 790,240 C10 Chairs Costs accounted for: Transferred out 537,246 Work in process Materials 9,900 Conversion costs 5,944 15,844 Total costs 553,080 Materials Conversion Costs Total Costs Unit costs Total Costs 418,000 Equivalent units 22,000 20,680 Unit costs 19.00 18.00 37.00 Costs to be accounted for Work in process, July 1 Started into production Total costs Problem 16-3A (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 two products in two different manufacturing plants are as follows. Cutting Department Plant 1 Plant 2 T12-Tables C10-Chairs Production Data-July 0 17,600 Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 22,000 3,300 550 60 80 $0 Cost Data-July Work in process, July 1 Materials Labor Overhead Total 418,000 257,840 114,400 $790,240 $0 316,800 121,000 115,280 $553,080 (al) Your answer is correct. For each plant compute the physical units of production. 112 Tables C10 Chairs Units to be accounted for T 22000 1 17600 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 15 used (a3) Your answer is correct. For each plant determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 5.25.) Materials Conversion Costs Total Costs Unit costs-T12 Tables 19.00 18.00 37.00 > Unit costs-C10 Chairs 18.00 13.51 31.51 A Click if you would like to Show Work for this question: Open Show Work For each plant show the assignment of costs to units transferred out and in process. T12 Tables Costs accounted for: Transferred out 691,900 Work in process Materials AK 62,700 Conversion costs T 35,640 T 98,340 Total costs 790,240 C10 Chairs Costs accounted for: Transferred out 537,246 Work in process Materials 9,900 Conversion costs 5,944 15,844 Total costs 553,080 Materials Conversion Costs Total Costs Unit costs Total Costs 418,000 Equivalent units 22,000 20,680 Unit costs 19.00 18.00 37.00 Costs to be accounted for Work in process, July 1 Started into production Total costs