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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
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. Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete Cutting Department T12-Tables 0 20,400 2,060 60 Cost Data-July Work in process, July 1 Materials Labor Overhead Total $0 387,600 239,088 106,080 $732,768 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 Answer Pets Prepare the production cost report for July 2030 THARIN INDUSTRIES INC. Cutting Department Part 1 Praduction Coat Report For the Month Ended July 31, 2020 Equivalent Union Carmen Maria Costs Physical Unte Units to be pracy State production Condor Thered ut Work in rece 31 Conversion Costs Cout Materiale Tot Total Coats units Unico Corbe accounted for Work in Started production Cot Schedule Co counter GUI Work in 31 Conversion co
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