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 Data-July T12-Tables Work in process units, July 1 0 Units started into production 23,800 Work in process units, July 31 3,570 Work in process percent complete 60 Cost Data-July Work in process, July 1 $0 Materials 452,200 Labor 278,936 Overhead Total 123,760 $854,896