Problem 21-3A a1-a4, b (Part Level Submission) (Video) Waterway 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 a product are as follows. Cutting Department T12-Tables Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 25,000 3,750 60 Cost Data-July Work in process, July 1 Materials Labor Overhead Total $0 475,000 293,000 130,000 $898,000 (14) 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 Problem 21-3A a1-a4, b (Part Level Submission) (Video) Waterway 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 a product are as follows. Cutting Department T12-Tables Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 25,000 3,750 60 Cost Data-July Work in process, July 1 Materials Labor Overhead Total $0 475,000 293,000 130,000 $898,000 (14) 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