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.

Please answer the following parts:

1. For each plant compute the physical units of production. T12 Tables: ___ C10 Chairs:____

2. For each plant compute equivalent units of production for materials and for conversion costs: T12 Tables: Materials:____ Conversion costs: ____ c10 Chairs: Materials: _____ Conversion costs: _____

3. For each plant determine the unit costs of production: Unit costs- T12 tables: Materials: ____ Conversion costs: ____ Total costs: ____ Unit costs- C10 chairs: Materials: _____ Conversion costs: ___ Total costs: ____

4. For each plant show the assignment of costs to units transferred out and in process

5. Produce a production cost report

Cutting Department Production Data-July Plant 1 T12-Tables Plant 2 C10-Chairs 0 0 17,440 Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 21,800 3,270 545 60 80 Cost Data-July Work in process, July 1 $0 Materials Labor Overhead 414,200 255,496 113,360 $783,056 $0 313,920 119,900 114,232 $548,052 Total Cutting Department Production Data-July Plant 1 T12-Tables Plant 2 C10-Chairs 0 0 17,440 Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 21,800 3,270 545 60 80 Cost Data-July Work in process, July 1 $0 Materials Labor Overhead 414,200 255,496 113,360 $783,056 $0 313,920 119,900 114,232 $548,052 Total