Problem - 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
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Plant 2
C10-Chairs
|
|
Work in process units, July 1
|
0
|
0
|
|
Units started into production
|
23,800
|
19,040
|
|
Work in process units, July 31
|
3,570
|
595
|
|
Work in process percent complete
|
60
|
80
|
|
|
|
|
Cost Data-July
|
|
|
|
Work in process, July 1
|
$0
|
$0
|
|
Materials
|
452,200
|
342,720
|
|
Labor
|
278,936
|
130,900
|
|
Overhead
|
123,760
|
124,712
|
|
Total
|
$854,896
|
$598,332
|
For each plant compute the physical units of production.