Problem 21-3A 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
Production DataJuly	Plant 1 T12-Tables	Plant 2 C10-Chairs
Work in process units, July 1	0	0
Units started into production	20,400	16,320
Work in process units, July 31	3,060	510
Work in process percent complete	60	80
Cost DataJuly
Work in process, July 1	$0	$0
Materials	387,600	293,760
Labor	239,088	112,200
Overhead	106,080	106,896
Total	$732,768	$512,856

For each plant compute the physical units of production.

T12 Tables	C10 Chairs
Units to be accounted for

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For each plant compute equivalent units of production for materials and for conversion costs.

Materials	Conversion Costs
T12 Tables
C10 Chairs

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For each plant determine the unit costs of production.(Round unit costs to 2 decimal places, e.g. 5.25.)

Materials	Conversion Costs	Total Costs
Unit costs-T12 Tables	$	$	$
Unit costs-C10 Chairs	$	$	$

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For each plant 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	$

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Prepare the production cost report for Plant 1 for July 2017.

THAKIN INDUSTRIES INC. Cutting DepartmentPlant 1 Production Cost Report For the Month Ended July 31, 2017
Equivalent Units
Quantities	Physical Units	Materials	Conversion Costs
Units to be accounted for
Work in process, July 1
Started into production
Total units
Units accounted for
Transferred out
Work in process, July 31
Total units
Costs	Materials	Conversion Costs	Total
Unit costs
Total Costs	$	$	$
Equivalent units
Unit costs	$	$	$
Costs to be accounted for
Work in process, July 1	$
Started into production
Total costs	$
Cost Reconciliation Schedule
Costs accounted for
Transferred out	$
Work in process, July 31
Materials	$
Conversion costs
Total costs	$