Thakin Industries Inc. 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 two products in two different manufacturing plants are as follows.

Cutting Departments

	Plant 1	Plant 2
Production Data- July	T12 -Tables	C10 - Charis
Work in Process units, July 1	0	0
Units started into production	20,000	18,000
Work in Process units, July 31	3,000	500
Work in Process percent complete	60	80
Cost Data - July
Work in Process, July 1	$0	$0
Materials	380,000	288,000
Labor	234,400	110,000
Overhead	104,000	104,800
Total	$718,400	$502,800

For each plant compute the physical units of production:

	T12 Tables	C10 Chairs
Units to be accounted for	????	??????

For each plant compute equivalent units of production for materials and for conversion costs:

	Materials	Coversion Cost
T12 Tables	????	????
C10 Chairs	????	?????

For each plant determine the unit cost of production:

	Materials	Conversion Cost	Total Cost
Unit Cost - T12 Tables	$ ????	$ ????	$ ????
Unit Cost - C10 Chairs	$ ????	$ ????	$ ????

For each plant show the assignment of cost to units transferred out and in the process:

	T 12 Tables
Cost accounted for:
Transferred out		$ ????
Work In Process
Materials	$ ?????
Conversion Cost	?????	??????
Total Cost		$ ??????
	C10 Chairs
Cost accounted for:
Transferred out		$????
Work In Process
Materials	$ ????
Conversion Cost	???????	???????
Total Cost		$ ?????

Prepare the production cost report for Plant 1 for July 2017.

		Thankin Industries Inc.
		Cutting Department - Plant 1
		Production Cost Report
		For Month ended July 31, 2017
		Equivalent Units
Quanities	Physical Units	Materials	Conversion Cost
Units to be accounted for:
Work in Progress, July 1	???????
Started Production	?????
Total Units	??????
Units to be accounted for:
Transferred Out	?????	??????	???????
Work in Progress, July 31	?????	??????	??????
Total Units	?????	???????	???????
Cost		Materials	Conversion Cost	Totals
Unit Cost:
Total Cost		$ ????	$ ????	$ ?????
Equivalent Units		????	????	????
Unit Costs		$ ????	$ ????	$ ???
Cost to be accounted for:
Work in Process, July 1				$ ???
Started into Production				????
Total Cost				$ ???
Cost Reconciliation Schedule
Cost accounted for:
Transferred out				$???
Work in Process, July 31
Materials			$ ??????
Conversion Cost			??????	?????
Total Cost				$ ????