Problem 3-3A (Video) (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 a product are as follows.

		Cutting Department
Production DataJuly		T12-Tables
Work in process units, July 1		0
Units started into production		21,000
Work in process units, July 31		3,150
Work in process percent complete		60
Cost DataJuly
Work in process, July 1		$0
Materials		399,000
Labor		246,120
Overhead		109,200
Total		$754,320

1). For each plant compute the physical units of production.

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

3). For each plant determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 5.25.) 4). For each plant show the assignment of costs to units transferred out and in process.