Thakin Industries Inc, manufactures dorm fumiture 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 T12-Tables Production Data-July Work in process units, July Units started into production Work in process units, July 22,600 3,390 31 Work in process percent complete Cost Data-July Work in process, July 1 Materials Labor Overhead Total $0 429,400 264,872 117,520 $811,792 *(a 1) Your answer is correct. Compute the physical units of production. T12 Tables Units to be accounted for 22600 *(12) Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables