Thai Industries 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:

Complete four steps necessary to prepare a production cost report.

Production Data-July	Cutting Department T12-Tables
Work in process units, July 1	-0-
Units started into produciton	20,000
Work in process units, July 31	3,000
Work in process percent complete	60
Cost Data-July:
Work in process, July 1	$-0-
Materials	380,000
Labor	234,400
Overhead Total	$104,000 $718,400

A1. Compute the physical units of production

A2. Compute equivalent units of production for materials and for conversion costs

A3. Determine the unit costs of production

A4. Show the assignments of costs to units transferred out and in process

B1. Prepare the production cost report for July 2020

Addtional info: (3) Materials $19; CC $18

Additional info (4) Transferred out $629,000; WIP $89,400

*Please explain clearly and label each thing so it is easier to follow along. Also, please show calcualtions. If you show a number, please show what you multiplied by to get it. Thank you