Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Complete d). thanks! Pharoah Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department. the urethane, rubber, plastics, and other materials

Complete d). thanks!

image text in transcribedimage text in transcribed
Pharoah 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 added at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost date for the Molding Department during June 2022 are presented below. Production Data June Beginning work in process units Units started into production 19,800 Ending work in process units 1,800 Percent complete as to conversion-ending inventory 40% Cost Data Direct materials used in June $ 178,200 Direct labor incurred in June 48,240 Manufacturing overhead assigned in June 101,520 Total $ 327.960 (a) 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 19,800 Total units 19,800 Units accounted for Completed and transferred out 18,000 Work in process, June 30 1,800 Total units 19,800Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs Total equivalent units 19,800 18,720 eTextbook and Media Attempts: 1 of 5 used (c) Your answer is correct. Compute the unit costs of production. Materials Conversion Costs Total Unit Cost Unit Costs $ 9 17 eTextbook and Media Attempts: 2 of 5 used (d) Determine the costs to be assigned to the units completed and transferred out and to work in process for June. Transferred out Work in process. June 30 $

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

Modern Management Concepts And Skills

Authors: Samuel Certo, S Certo

15th global Edition

978-1292265193, 1292265191

More Books

Students also viewed these Accounting questions

Question

3. Im trying to point out what we need to do to make this happen

Answered: 1 week ago

Question

1. I try to create an image of the message

Answered: 1 week ago