Stein Corporation manufactures in separate processes refrigerators and freezers for homes. 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. Stamping Department Production DataJune Plant A R12 Refrigerators Plant B F24 Freezers Work in process units, June 1 0 0 Units started into production 20,000 20,000 Work in process units, June 30 2,000 3,000 Work in process percent complete 70% 50% Cost DataJune Work in process, June 1 $ 0 $ 0 Materials 840,000 700,000 Labor 200,800 236,000 Overhead 420,000 319,000 Total $1,460,800 $1,255,000 1. For each plant: Compute the physical unit flow. Compute equivalent units of production for materials and for conversion costs. Determine the unit costs of production. Show the assignment of costs to units transferred out and in process. 2. (a) Plant A: (1) Transferred out 18,000 WIP 2,000 (2) Materials 20,000 CC 19,400 (3) Materials $42 CC $32 (4) Transferred out $1,332,000 WIP $128,800 3. Prepare the production cost report for Plant A for June 2005