PLEASE HELP:

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.

1.

Calculate the physical units of production for each plant.

Following schedule shows the physical units of production for each plant:

2.

Calculate the equivalent units of production for materials and conversion cost for each plant.

Following schedule shows the equivalent units in the assembly department:

3.

Calculate the unit cost of production for each plant.

Following schedule shows the unit cost of production for each plant:

4.

Calculate costs assigned to the units completed and transferred and to the ending work in process units.

Following schedule shows the costs assigned to the units completed and transferred and to the ending work in process units:

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 22,000 3,300 17,600 550 80 Cost Data-July Work in process, July 1 Materials Labor Overhead 418,000 257,840 114.400 $790,240 316,800 121,000 115,280 $553,080 Total