Question

CALCULATOR FULL SCREEN PRINTER VERSION BACK NET Problem 3-3A (Video) (Part Level Submission) 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 Cost Data-July Work in process, July 1 Materials Labor Overhead 425,600 262,528 116,480 $804,608 Total

NEED HELP ASAP

Answer 1

Production Cost Report
For the Month Ended July 31, 2020
		Equivalent Units
	Physical Units	Materials	Conversion Costs
Units to be accounted for
Work in process, July 1	0
Started into production	22400
Total units	22400
Units accounted for
Transferred out	19040	19040	19040
Work in process, July 31	3360	3360	2016
Total units	22400	22400	21056
		Materials	Conversion Costs	Total
Unit costs:
Total costs		425600	379008	804608
Equivalent units		22400	21056
Unit costs		19.00	18.00	37.00
Costs to be accounted for
Work in process, July 1				0
Started into production				804608
Total costs				804608
Cost Reconciliation Schedule
Costs accounted for
Transferred out				704480	=19040*37
Work in process, July 31
Materials			63840		=3360*19
Conversion costs			36288	100128	=2016*18
Total costs				804608