Answered Essay: *Problem 17-3A Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at t

*Problem 17-3A 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 21,200 3,180 50 16,960 530 80 Cost Data-Jul Work in process, July 1 Materials Labor Overhead 50 402,800 248,464 110,240 5761,504 50 305,280 116,600 111,088 $532,968 Total For each plant compute the physical units of production T12 Tables C10 Chairs Units to be accounted for For each plant compute equivalent units o duction for materials and for conversion costs. Materials Conversion Costs T12 Tables C10 Chairs For each plant determine the unit costs o duction. (Round unit costs to 2 decimal places, e.g. 5.25.) Materials Conversion Costs Total Costs Unit costs-T12 Tables Unit costs-C10 Chairs For each plant show the assignment of costs to units transferred out and in process.

*Problem 17-3A 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 21,200 3,180 50 16,960 530 80 Cost Data-Jul Work in process, July 1 Materials Labor Overhead 50 402,800 248,464 110,240 5761,504 50 305,280 116,600 111,088 $532,968 Total For each plant compute the physical units of production T12 Tables C10 Chairs Units to be accounted for For each plant compute equivalent units o duction for materials and for conversion costs. Materials Conversion Costs T12 Tables C10 Chairs For each plant determine the unit costs o duction. (Round unit costs to 2 decimal places, e.g. 5.25.) Materials Conversion Costs Total Costs Unit costs-T12 Tables Unit costs-C10 Chairs For each plant show the assignment of costs to units transferred out and in process.

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