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Problem 17-3A (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion

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Problem 17-3A (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-Jul Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 0 24,000 3,600 60 19,200 600 80 Cost Data-Jul Work in process, July 1 Materials Labor Overhead $0 456,000 281,280 124,800 $862,080 $0 345,600 132,000 125,760 $603,360 Total

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