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 T12-Tables Plant 2 C10-Chairs 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 3,000 60 18,000 500 80 Cost Data-July Work in process, July 1 Materials Labor Overhead $0 380,000 234,400 104,000 $718,400 $0 288,000 110,000 104,800 $502,800 Total