Kimmel, Accounting, 6e Help System Announcements CALCULATOR PRINTER VERSION RACK 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 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 Plant 2 T12-Tables C10-Chairs 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 17.920 560 Cost Data-July Work in process, July 1 Materials Labor Overhead Total 425,600 262,528 116,480 $804,608 322,560 123,200 117,376 $563,136 (ai) Your answer is correct. For each plant compute the physical units of production. T12 Tables C10 Chairs Units to be accounted for 22400 17920 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Your answer is correct. For each plant compute equivalent units of production for materials and for conversic Materials Conversion Costs V T12 Tables 22400 21056 C10 Chairs 17920 17808 Click if you would like to Show Work for this question: Open Show Work (a3) Your answer is correct. For each plant determine the unit costs of production. (Round unit costs to 2 decimal place Materials Conversion Costs Total Costs Unit costs-T12 Tables 18 1 Unit costs-C10 Chairs 13.51 31.51 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER Your answer is correct. For each plant show the assignment of costs to units transferred out and in process. T12 Tables Costs accounted for: Transferred out 704480 Work in process KI Materials 63840 > Conversion costs 36288 100128 > Total costs 804608 C10 Chairs Costs accounted for: Transferred out 547013 547018 C10 Chairs Costs accounted for: Transferred out 547013 Work in process Materials 10080 E Conversion costs 6052 16132 Total costs 563145 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (b) Prepare the production cost report for Plant 1 for July 2017. THAKIN INDUSTRIES INC. Cutting Department-Plant 1 Production Cost Report For the Month Ended July 31, 2017 Equivalent Units Physical Conversion Units Materials Costs Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units R SE Costs Unit costs Materials Conversion Costs Total Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, July 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Transferred out Work in process, July 31 Materials Conversion costs Total costs Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Attempts arch