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:

Instructions:

Prepare the production cost report.

Cutting Department Production Data - July Plant 1 Plant 2 T-12 - Tables | C-10 - Chairs Work in process units, July 1 0 0 Units started into production 20,000 16,800 Work in process units, July 31 3,000 525 Work in process (percent complete) | 60 80 Cost Data - July Work in process, July 1 $0 Materials 380,000 302,400 Labor 234,400 115,500 Overhead 104,000 110,040 Total $718,400 $527,940