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 I T12-Tables

Plant 2 CIO-Chairs

Work in process units, July 1

-0-

-0-

Units started into production

19,000

16,000

Work in process units, July 31

3,000

500

Work in process percent complete

60%

80%

Cost Data—July

$ -0-

$ -0-

Work in process, July 1

380,000

288,000

Materials Labor

234,200

110,000

Overhead

104,000

96,700

$718,200

$494,700

Instructions

(a)For each plant:

(1)Compute the physical units of production.

(2)Compute equivalent units of production for materials and for conversion costs.

(3)Determine the unit costs of production.

(4)Show the assignment of costs to units transferred out and in process.

(b)Prepare the production cost report for Plant 1 for July 2014.