Amange Split AN Switch Windows Properties Reset Window Position Window Macros - Macros SharePoint 90,000 90,000 Accounts Receivable Work In Process - Packaging Cost of Goods Sold Finished goods Inventory 62,000 62,000 P17-2B Steiner Corporation manufactures water skis through two processes Moing and Packaging In the Molding Department, fiberglass is heated and shaped into the form of a ski in the Packaging Department, the skis are placed in cartons and sent to the finished goods warehouse Materials are entered at the beginning of both processes. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department for January 2017 are presented below Production Dar Beginning work in process units Units started into production Ending work in process units Percent complete - ending inventory January 0 50,000 2,500 40% OT Cost Data January Materials $510,000 Labor 92,500 Overhead 150,000 Total $752.500 Instructions (a) Compute the physical units of production (b) Determine the equivalent units of production for materials and conversion costs (c) Compute the unit costs of production (d) Determine the costs to be assigned to the units transferred out and in process le) Prepare a production cost report for the Molding Department for the month of January PROBLEM 17-2B ... (Working Papers) (a) Physical Units: Units to be accounted for: Total Units Units accounted for Total Units b) Equivalent Units: Split w dow Arrange All View Side by Side Synchronous Scrolling Reset Window Position Window Switch Windows Macros Properties Macros SharePoint Materials Conversion Work in Process Jan 31 Total Equivalent Units Unit Costs (d) Costs accounted for: Work in process, Jan 31: Total costs STEINER CORPORATION Molding Department Production Cost Report For the Month Ended January 31, 2017 Equivalent Units Physical Conversion Quantides Materials Units Costs (Step 1) Step 2) Units to be accounted for: Work in process, Jan 1 50,000 Total units 50,000 Units accounted for: Transferred out Work-in-process. Jan 31 New Amange Split View Side by Side Synchronous scrolling Reset Window Position Switch STENER COWORATION Moking Depar Production Cost Nepove For the Month Ende January 31, 2017 Physical Units to be accounted for Work in process, Jan 1 Total units Units accounted for: Transferred out Work in process, Jan 31 Total units Contre Conversion Units costs: Total costs (step 3) Equivalent Unit costs a b Costs to be accounted for: Work in process, Jan 1 Total costs Cost Reconciliation Schedule (Step 4 Costs to be accounted for Materials Total costs 09:54.23 39 GG 49.70.83