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Problem 21-3A al-a4, b (Part Level Submission) (Video) Concord 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 Work in process units, July 31 Work in process percent complete 0 23,400 3,510 60 Cost Data-July Work in process, July 1 Materials $0 Labor Overhead 444,600 274,248 121,680 $840,528 Total (al) Compute the physical units of production. T12 Tables Units to be accounted for Click if you would like to Show Work for this question: Open Show Work 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 LINK TO TEXT LINK TO TEXT Prepare the production cost report for July 2020. THAKIN INDUSTRIES INC. Cutting Department Plant 1 Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Materials Conversion Costs Total Costs Unit costs Conversion Costs Materials Total 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 Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 $ Materials $ Conversion costs Total costs Click if you would like to Show Work for this question: Open Show Work