Discuss the first process in making two products

Question

Seagren Industries Inc. manufactures in separate processes furniture for homes. 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		21,090		17,760
Work in process units, July 31		3,330		555
Work in process percent complete		60		80
Cost Data-July
Work in process, July 1		$0		$0
Materials		421,800		319,680
Labor		259,962		122,100
Overhead		115,440		107,337
Total		$797,202		$549,117

Prepare the production cost report for Plant 1 for July 2014.

SEAGREN INDUSTRIES INC. Cutting Department-Plant 1 Production Cost Report For the Month Ended July 31, 2014
				Equivalent Units
Quantities		Physical Units		Materials		Conversion Costs
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
Costs				Materials		Conversion Costs		Total
Unit costs
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						$
Conversion costs
Total costs								$