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 0 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 20,000 25,000 3,750 60 625 80 Cost Data-July Work in process, July 1 Materials $0 Labor 475,000 293,000 130,000 $898,000 $0 360,000 137,500 131,000 $628,500 Overhead Total (a1) Your answer is correct. For each plant compute the physical units of production. T12 Tables C10 Chairs Units to be accounted for 25000 20000 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (a2) For each plant compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables 25000 C10 Chairs 20000 (3) Determine the unit costs of production. (Round unit costs to 0 decimal places, e.g. 25.) Materials Conversion Costs Total Costs Unit costs-T12 Tables $ $ $ Unit costs-C10 Chairs $ S $ (4) 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 $ C10 Chairs Costs accounted for: Transferred out $ Work in process Materials $ Conversion costs Total costs $ Click if you would like to Show Work for this question: Open Show Work