Problem 16-3A (Part Level Submission) Cutting Department Production Data—July Pl

Question

Problem 16-3A (Part Level Submission)

Cutting Department

Production Data—July

Plant 1
T12-Tables

Plant 2
C10-Chairs

Cost Data—July

Materials

Conversion Costs

Materials

Conversion Costs

Total Costs

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

Production Data—July

Plant 1
T12-Tables

Plant 2
C10-Chairs

Work in process units, July 1 0 0 Units started into production 20,200 16,160 Work in process units, July 31 3,030 505 Work in process percent complete 60 80

Cost Data—July

Work in process, July 1 $0 $0 Materials 383,800 290,880 Labor 236,744 111,100 Overhead 105,040 105,848    Total $725,584 $507,828

Explanation / Answer

For each plant compute equivalent units of production for materials and for conversion costs.

For each plant determine the unit costs of production

Material Conversion cost T12 Tables 20200 (17170+3030*60%) = 18988 C10 Chairs 16160 (15655+505*80%) = 16059

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