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 Data-July T12-Tables Work in process units, July 1 0 Units started into production 24,800 Work in process units, July 31 3,720 Work in process percent complete 60 Cost Data-July Work in process, July 1 $0 Materials 471,200 Labor 290,656 Overhead 128,960 $890,816 Total (a1) Your answer has been saved and sent for grading. See Gradebook for score details. Compute the physical units of production T12 Tables Units to be accounted for 24800 Click if you would like to Show Work for this question: Open Show Work (a2) | Your answer has been saved and sent for grading. See Gradebook for score details. Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables 23,312 24,800 i ..nu ..n.ld :a sn chan.. 1wnuls Enz shin muantinn: Your answer has been saved and sent for grading. See Gradebook for score details. Determine the unit costs of production Materials Conversion Costs Total Costs Unit costs-T12 Tables $ 19 18 37 $ Your answer has been saved and sent for grading. See Gradebook for sc Show the assignment of costs to units transferred out and in process. T12 Tables Costs accounted for Transferred out 779,960 Work in process Materials 70,680 Conversion costs 40,176 110,856 Total costs 890,816 $ Prepare the production cost report for July 2020 THAKIN INDUSTRIES INC. Cutting Department-Plant 1 Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Physical Units Conversion Quantities Materials 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 Conversion Costs Materials 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 $ +0