Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) prepare a schedule showing physical units of production b) determine equivalent units of production for materials and conversion costs c) compute unit costs of

a) prepare a schedule showing physical units of production
b) determine equivalent units of production for materials and conversion costs
c) compute unit costs of production
d) determine cost to be assigned to u its transferred out and in process.
****answer ALL a-d image text in transcribed
image text in transcribed
answer E too:
e) prepare production cost report for the molding department for the month of June
Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. 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 Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory June 0 25.080 2,280 40 % Cost Data Materials Labor Overhead Total $225,720 61,104 128,592 $415,416 (a) 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 Work in process, June 30 Total units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2019

Authors: Bernard J. Bieg, Judith A. Toland

29th Edition

1337619779

More Books

Students also viewed these Accounting questions