Thakin Industries Inc. manufactu 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. res dorm furniture in separate processes. In each process, materials are entered at the Cutting Department Plant 1 Plant 2 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete T12-Tables C10-Chairs 0 21,000 3,150 60 16,800 525 80 Cost Data-July Work in process, July 1 Materials Labor Overhead $0 399,000 302,400 246,120 115,500 109,200 110,040 $754.320 $527.940 $0 Total For each plant compute the physical units of production. T12 Tables 10 Chairs Units to be accounted for C10 Chairs Costs accounted for: Transferred out Work in process Materials Conversion costs Total costs Prepare the production cost report for Plant 1 for July 2017 THAKIN INDUSTRIES INC. Cutting Department-Plant 1 Production Cost Report For the Month Ended July 31, 2017 Equivalent Units Physical Units Conversion Costs Materials Quantities Units to be accounted for Work in process, July 1 Started into Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Conversion Costs Costs Materials Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, July 1 Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs