Problem 16-3A (Part Level Submission)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.
Plant 1 T12-Tables
Plant 2 C10-Chairs
Work in process units, July 1
Units started into production
Work in process units, July 31
Work in process percent complete
Work in process, July 1
(a) For each plant:
(1)?Compute the physical units of production.
Units to be accounted for
(2)?Compute equivalent units of production for materials and for conversion costs.
(3)?Determine the unit costs of production.?(Round unit costs to 0 decimal places, e.g. 25.)
Unit costs-T12 Tables
Unit costs-C10 Chairs
(4)?Show the assignment of costs to units transferred out and in process.