Prepare a production cost report for July 2022

Prepare the production cost report for July 2022. ORIOLE INDUSTRIES INC. Cutting Department Production Cost Report Equivalent Units Physical Conversion Quantities Units Materials Cost Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Completed and transferred out Work in process, July Total units Conversion Cost Costs Materials Unit costs Total Costs Equivalent units Unit costs S $ Cost Reconciliation Schedule Costs to be accounted for Work in process, July 1 Started into production Total costs Costs accounted for Completed and transferred but Work in process, July 31Oriole Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning, and conversion costs are incurred uniformly. Production and cost date for the first process in making a product are as follows. Cutting Department Production Data-July T12-Tables Work in process units, July 1 0 Units started into production 17.600 Work in process units, July 31 2.640 Work in process percent complete as to conversion, July 31 50%% Cost Data-July Work in process. July 1 $0 Direct materials used in July 334.400 Direct labor incurred in July 206.272 Manufacturing overhead assigned in July 91,520 Total $ 632.192 (a1) Your answer is correct. Compute the physical units of production. T12 Tables Units to be accounted for 17600 eTextbook and Media Attempts: 1 of 5 used (a2) Your answer is correct. Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs Total equivalent units 17600 16544Determine the unit costs of production for July. Materials Conversion Costs Total Costs Unit costs-T12 Tables 19 18 37 eTextbook and Media Attempts: 2 of 5 used (24) Your answer is correct. Show the assignment of costs to units completed and transferred out and to work in process for July. T12 Tables Costs accounted for: Completed and transferred out 553,520 Work in process Materials 50.160 Conversion costs 28 512 78,672 Total costs 532,192