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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
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 two products in two different manufacturing plants are as follows. Cutting Department Plant 1 Plant 2 Production Data-Jul 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 24,400 3,660 60 19,520 610 80 Cost Data-Ju Work in process, July 1 Materials Labor Overhead $0 463,600 285,968 126,880 5876,448 $0 351,360 134,200 127,856 5613,416 Total (a1) Your answer is correct. For each plant compute the physical units of production. T12 Tables C10 Chairs Units to be accounted for 24,400 19,520 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 5 used (a2) Your answer is correct. For each plant compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables C10 Chairs Click if you would like to Show Work for this question: 24,400 22936 19,520 19398 Open Show Work SHOW SOLUTION SHOW ANSW LINK TO TEXT
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