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Problem 16-3A Thakin Industries Inc. manufactures dorm furnlture In separate processes. In each process, materials are entered at the beginning, and conversion costs are Incurred
Problem 16-3A Thakin Industries Inc. manufactures dorm furnlture In separate processes. In each process, materials are entered at the beginning, and conversion costs are Incurred uniformly. Productlon and cost data for the first process In making two products In two different manufacturing plants are as follows. Plant 1 T12-Tables C10-Chairs Plant 2 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 23,400 3,510 60 18,720 595 80 Cost Data-July Work in process, July 1 Materials Labor Overhead 50 444,600 274,248 121,680 5840,529 $0 336,960 128,700 122,616 $588,276 Total
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