1. Business
  2. Accounting
  3. problem 163a part level submission thakin industries inc manufactures dorm...

Question: problem 163a part level submission thakin industries inc manufactures dorm...

Question details

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 21,000 16,800 Work in process units, July 31 3,150 525 Work in process percent complete 60 80 Cost Data—July Work in process, July 1 $0 $0 Materials 399,000 302,400 Labor 246,120 115,500 Overhead 109,200 110,040 Total $754,320 $527,940 (a1) Your answer is correct. For each plant compute the physical units of production. T12 Tables C10 Chairs Units to be accounted for Click if you would like to Show Work for this question: Open Show Work Show Solution Show Answer Link to Text Attempts: 1 of 3 used (a2) For each plant compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables C10 Chairs

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution