Question

need help filling in the blanks

Problem 16-3A Thalen Industries Inc. manufactures dorm fumiture in parte processes the process, materials are entered at the beginning and conversion costs are incurred uniformly Production and cost data for the first process in making Cutting Department T2-Tables Co-Chairs Production DateJuly work in process , 1 Units started into productie Work in process units, July 31 Work in process percent complete 22.000 17,600 550 Cost Dately Work in process, July 1 Materials Labor 418.000 257,840 114,000 316,800 121.000 115.20 $551.NO

Answer 1

Conversion Cost blank: Cost per table/chair= (Total cost/Total no.of units)

T-12: 35.92

C-10: 31.425

T-12 tables costs:

Transferred out: (18700*35.92)= 671,704

WIP

Material {3300*19(418000/22000)}= 62700

Conversion: 55836

Total: 790,240

C-10 Chairs costs:

Transferred out: (17050*31.425)= 535,796.25

WIP

Material {550*18(316800/17600)}= 9900

Conversion: 7383.75

Total: 553,080

T-12 costs

Equivalent units

Particulars	Physical Units	Material	Conversion cost
Transferred out	18700	9603	9097
WIP July 31	3300	1695	1605
Total	22000	11298	10702

Unit Costs:

Conversion Cost: 372240; Equivalent Units: 22000. Unit cost 18. Total Cost: 790240

Cost reconciliation:

Transferred out: 671,704

WIP july 31

Material: 62700

Conversion cost: 55836

Total cost: 790240