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 T12-Tables - Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 20,200 3,030 60 Cost Data-July Work in process, July 1 Materials Labor Overhead Total $0 383,800 236,744 105,040 $725,584 Part 1 Compute the physical units of production. T12 Tables Units to be accounted for Save for Later Attempts: 0 of 1 used Submit Answer Part 2 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables Save for Later Attempts: 0 of 1 used Submit Answer Part 3 Determine the unit costs of production, Materials Conversion Costs Total Costs Unit costs-T12 Tables $ $ $ Save for Later Attempts: 0 of 1 used Submit Answer Part 4 Show the assignment of costs to units transferred out and in process. T12 Tables Costs accounted for: Transferred out Work in process Materials $ Conversion costs Total costs $ Save for Later Attempts: 0 of 1 used Submit