Bonita 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 June Beginning work in process units 0 Units started into production 29,700 Ending work in process units 2,700 Percent complete-ending inventory 40 % Cost Data Materials $267,300 Labor 72,360 Overhead 152,280 Total $491,940 Your answer is correct. 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 0 29.700 29.700 Units accounted for Transferred out 27,000 Work in process, June 30 2,700 Total units 29,700 Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Materials Total equivalent units Solution 29,700 Conversion Costs 28,080 * Your answer is incorrect. Compute the unit costs of production. Unit Costs Solution Materials Conversion Costs Total Unit Cost $ Your answer is incorrect. Determine the costs to be assigned to the units transferred out and in process for June. Transferred out Work in process, June 30 Solution $ Quantities Units to be accounted for Work in process, June 1 Started into production Total units Units accounted for Transferred. out Work in process, June Physical Units BONITA COMPANY Molding Department Production Cost Report For the Month Ended June 30, 2020 Equivalent Units Materials 11 Conversion Costs Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, June 1 Started into production Total costs Materials Conversion Costs Question 5 of 5 < 4.97/12 E Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, June 30 Materials Conversion costs Total costs Solution $ [