Print by: Geneva Verni AC202:AC202DLAF1A2019 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. Production Data July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete Cutting Department Plant 1 Plant 2 T12-Tables C10-Chairs 0 25,000 20,000 3,750 60 625 80 Cost Data-July Work in process, July 1 Materials Labor Overhead Total $0 475,000 293,000 130.000 $898,000 $0 360,000 137,500 131,000 $628,500 *(al) Your answer is correct. For each plant compute the physical units of production. T12 Tables C10 Chairs Units to be accounted for Entry field with correct answer 5000 Entry field with correct answer 20000 Attempts: 1 of 3 used *(a2) Your answer is correct. For each plant compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables Entry field with correct answer 25000 Entry field with correct answer 23500 CI0 Chairs Entry field with correct answer 20000 Entry field with correct answer 10975