Question

please show the assignment of cost units transferred out and in process

Current Attempt in Progress 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 a product are as follows e fi Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete Cutting Department T12-Tables 0 21,600 3,240 и 2 Pr 60 E Cost Data-July Work in process, July 1 Materials Labor Overhead Total $0 410,400 253,152 112,320 $775.872 (a1) Your answer is correct 20 2 3 4 5

Answer 1

Cost accounted for:
Transferred Out		679,320.00
Work In process
Material	61,560.00
Conversion Cost	34,992.00	96,552.00
Total Cost		775,872.00
	Actual Units
Caluclation of Physical UNITS:
Units in begining inventory	-
Units started during the period	21,600
Units to be accounted for	21,600
	Actual Units	Equivalent Units
		Material	Conversion
Units Completed and Transferred	18,360	18,360	18,360
Units in ending inventory	3,240	3,240	1,944
Total accounted for	21,600	21,600	20,304
Cost Reconciliation Report
Costs to be acounted for:
	Total	Material	Conversion
Costs in beginning inventory	-	-	-
Cost added during the year	775,872	410,400	365,472
Total cost to account for	775,872	410,400	365,472
Equivalent Units from above note		21,600	20,304
Cost per equivalnet unit		19.00	18.00