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 Plant 2
T-12 - Tables C-10 - 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
Required:

1) For each plant compute the physical units of production.

T12 Tables C10 Chairs
Units to be accounted for
2) For each plant compute equivalent units of production for materials and for conversion costs.

Materials Conversion Costs
T12 Tables
C10 Chairs
3) For each plant determine the unit costs of production. (Round unit costs to 2 decimal places, e. g. 5.25.)

Materials Conversion Costs Total Costs
Unit costs - T12 Tables
Unit costs - C10 Chairs
Process costing
Process costing is the system of cost accounting wherein production costs are transferred to inventories using cost per equivalent unit and equivalent units in production.