View Policies Current Attempt in Progress 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 22.400 3.360 60 Cost Data-July Work in process, July 1 Materials Labor Overhead Total SO 425,600 262.520 116.490 S604606 Parts Prepare the production cost report for July 2020. THAKIN INDUSTRIES INC. Cutting Department Plant 1 Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July Total units Costs Materials Conversion Costs Unit costs Total Costs S $ Equivalent units Unit costs s Costs to be accounted for Work in process, July 1 Started into production 4 Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July Materials S Conversion costs Total costs Save for La Attempts: 0 of 1 used Submit Answer THAKIN INDUSTRIES INC. Cutting Department Plant 1 Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Conversion Materials Costs Physical Units Conversion Costs Materials Total S S II s S Save for Later Attempts: 0 of 1 used Submit Anwer