Compute the physical units of production.

Compute equivalent units of production for materials and for conversion costs.

Determine the unit costs of production.

Show the assignment of costs to units transferred out and in process.

Vaughn 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. Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete Cost Data-July Work in process, July 1 Materials Labor Overhead Total Cutting Department T12-Tables 22,000 3,300 60 $0 418,000 257,840 114,400 $790,240