Print by: Erica Burkett AC202:AC202DLU1A2020 Principles of Managerial Account in / AC202 - Chapter 16 Assignment * 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. Plant 2 C10-Chairs 0 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete Plant 1 T12-Tables 0 20,600 3,090 60 16,480 515 80 $0 Cost Data-July Work in process, July 1 Materials Labor Overhead $0 391,400 241,432 107,120 $739,952 296,640 113,300 107,944 $517,884 Total *(a) For each plant compute the physical units of production T12 Tables C10 Chairs Units to be accounted for 20600 16480 Attempts: 0 of 3 used 22,40 B doo *(a2) The parts of this question must be completed in order. This part will be available when you complete the part above *(23) The parts of this question must be completed in order. This part will be available when you complete the part above. *(14) Your answer is partially correct. Try again. Prepare the production cost report for Plant 1 for July 2017 Physical Units Equivalent Units Conversion Materials Costs Quantities Units to be accounted for Work in process, July 1 Started into production 37080 Total units 37080 Units accounted for Transferred out 647870 58710 33372 Work in process, July 31 37080 37080 Total units Materials Conversion Costs Total Costs Unit costs Total Costs 19 18 37 Equivalent units Unit costs 18 13.51 68.51 Costs to be accounted for Work in process, July 1 Started into production ID. Total costs