0 2. Ortega Industries Inc. manufactures in separate processes furniture for homes. 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. Cutting Department Plant 1: T12 - Tables Plant 2: C10 - Chairs Production Data - July Work in process units, July 1 0 Units started into production 20,000 16,000 Work in process units, July 31 3,000 500 Work in process percent complete 60 80 Cost Data - July Work in process, July 1 Materials 380,000 288,000 Labor 234,400 125.900 Overhead 104.000 96,700 Total 718,400 510,600 Instructions (a) For each plant (1) Compute the physical units of production. (2) Compute equivalent units of production for materials and for conversion costs. (3) Determine the unit costs of production 0 0 4Ch tn mit tenned hairs 0 16,000 500 80 0 utting Department Plant 1: Tables Plant 2: Production Data - July Work in process units, July 1 0 Units started into production 20.000 Work in process units, July 31 3,000 Work in process percent complete 60 Cost Data - July Work in process, July 1 0 Materials 380,000 Labor 234.400 Overhead 104,000 Total 718.400 Instructions (a) For each plant: (1) Compute the physical units of production (2) Compute equivalent units of production for materials and for conversion costs. (3) Determine the unit costs of production. (4) Show the assignment of costs to units transferred out and in process. (b) Prepare the production cost report for Plant 1 for July 2010. All the Best 288.000 125.900 96,700 510.600