Question 9 of 10 -14 View Policies Current Attempt in Progress 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 Units started into production 24,000 Work in process units, July 31 3,600 Work in process percent complete 0 60 Cost Data-July Work in process, July 1 Materials Labor Overhead Total $0 456,000 281,280 124,800 $862,080 Jestion 9 of 10 -14 MIT 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 Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process. July Question 9 of 10 - 14 Work in process, July 31 Total units Conversion Costs Costs Unit costs Materials Total Costs $ Equivalent units Unit costs $ Costs to be accounted for Work in process, July 1 Started into production $ Total costs $ Question 9 of 10 -/4 E mur Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 $ Materials Conversion costs Total costs e Textbook and Media