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7 of 7 > -15 E Bramble Company manufactures bowling balb through two processes: Molding and Pckaging. In the Molding Department, the urethane, rubber, plastics,
7 of 7 > -15 E Bramble Company manufactures bowling balb through two processes: Molding and Pckaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are entered at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2020 are presented below. Production Data June Beginning work in process units Units started into production 28.820 Ending work in process units 2.620 Percent complete-ending inventory 40 % Cost Data Materials $259.380 Labor 70.216 Overhead 147.768 338 PM Question 7 of 7 < > Total $477,364 Prepare a schedule showing physical units of production Physical units Units to be accounted for Work in process, June 1 Started into production Total units Units accounted for Transferred out -15 E Question 7 of 7 < > -15 Transferred out Work in process, June 30 Total units Determine the equivalent units of production for materials and conversion costs Material Total equivalent units Conversion Costs Question 7 of 7 < > Compute the unit costs of production. Materials Conversion Costs Unit Costs $ $ $ Determine the costs to be assigned to the units transferred out and in process for June. Transferred out $ Work in process. June 30 $ Total Unit Cost -15 E 9:59 PLA Question 7 of 7 < Prepare a production cost report for the Molding Department for the month of June Quantities Units to be accounted for Workin process June Physical Units BRAMBLE COMPANY Molding Department Production Cost Report For the Month Ended June 30, 2020 Materials Equivalent Units Conversion Costs 1 Started into production Total units -15 E #500 3/15/2002 Question 7 of 7 Units accounted for Transferred out Workin process, June 30 Total units Costs Unit costs Total Costs Equivalent units < -15 E Materials Conversion Costs # $39 PM Question 7 of 7 Unit costs Costs to be accounted for Workin process, June 1 Started into production Total costs Cost Reconciliation Schedule Costs a -15 E 10:00PM 3/15/2022 Question 7 of 7 < > -15 E a $ 500 10:00 PM Question 7 of 7 Schedule Costs accounted for Transferred out Workin process, June 30 Materials Conversion costs Total costs S -15 E C 10:00 PM Question 7 of 7 -15 EE 10:01 PM 3/15/2022
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