Question

Problem 17-3A (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 two products in two different manufacturing plants are as follows. Cutting Department Plant 1 T12-Tables Plant 2 C10-Chairs Production Data-Jul Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 23,400 3,510 60 18,720 585 80 Cost Data-Jul Work in process, July 1 Materials Labor Overhead 444,600 274,248 121,680 $840,528 $0 336,960 128,700 122,616 $588,276 Total (a1) Your answer is correct. For each plant compute the physical units of production. T12 Tables C10 Chairs Units to be accounted for 23400 18720

Answer 1

Compute equivalent unit

	Material	Conversion Cost
T12 Tables	23400	19890+(3510*60%) = 21996
C10 chairs	18720	18135+(585*80%) = 18603