Question

Problem 16-3A (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conver Cutting Department Plant 1 T12-Tables Plant 2 C10-Chairs Production Data-July 17,600 Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 22,000 3,300 550 Cost Data-July Work in process, July 1 Materials Labor Overhead Total 418,000 257,840 114,400 $790,240 316,800 121,000 115,280 $553,080 (a1) Your answer is correct. For each plant compute the physical units of production. T12 Tables C10 Chairs Units to be accounted for T 22000 1 17600 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (22) Your answer is partially correct. Try again. For each plant compute equivalent units of production for materials and for conversion costs. Conversion Costs T12 Tables Materials 22000 20868 C10 Chairs T 17600 17649 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (23) Your answer is correct. For each plant determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 5.25.)

Need help for part (b)

Answer 1

Page No. Date Prpduiclion cost peport (Plant 1) for the mohth endod July31207 Equwalent undts Hatelal Conuersion cot Phycical Quantites hits Unity obe accounted for WIP,uly1. Startebl Totalluniti 22000 2200 Tranfelodout 18700 WIP, Tuly31 Total unts 18700 3300 8ిలం 18700 1980 20680 3300 22000 tonuession Makrial Total Cost Unt dost Totalkost Equulalenturit Unitcost cont 418000 22000 19 372240. 20దరం 18 790240 Cost atcauntefror WIP July 1 Starlad To talcost of $691900 $69190

Cost zeconcliation schedule Cost accounted for Toranefered out wiP Iuly31 Material Conuesion coset $691900 $62700 $35640 898340. Total cost $790240