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 a product are as follows.

Cutting Department Production DataJuly T12-Tables Work in process units, July 1 0 Units started into production 23,400 Work in process units, July 31 3,510 Work in process percent complete 60 Cost DataJuly Work in process, July 1 $0 Materials 444,600 Labor 274,248 Overhead 121,680 Total $840,528

Compute the physical units of production. T12 Tables Units to be accounted for 23400

Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables 23400 17784

Part 3 Determine the unit costs of production. Materials Conversion Costs Total Costs Unit costs-T12 Tables

T12 Tables Costs accounted for: Transferred out $ Work in process Materials $ Conversion costs Total costs $ Attempts: 0 of 1 used Part 5 Prepare the production cost report for July 2020. THAKIN INDUSTRIES INC. Cutting DepartmentPlant 1 Production Cost Report For the Month Ended July 31, 2020, Equivalent Units Quantities Physical Units Materials Conversion Costs Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Costs Materials Conversion Costs Total Unit costs Total Costs $ $ $ Equivalent units Unit costs $ $ $ Costs to be accounted for Work in process, July 1 $ Started into production Total costs $ Cost Reconciliation Schedule Costs accounted for Transferred out $ Work in process, July 31 Materials $ Conversion costs Total costs