Complete four steps necessary to prepare a productiorl cost report.

P$3\mathrm{.}2($LO $3.4).$ AP Rosenthal Company manufactures bowing 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 begining of each process. Labor and manufacturing

overhead are incurred uniformly throughout each process. Production and cost data

for the Molding Department duriing June $2022$ are presented below.

Instructions

Prepare a schedule showing physical units of production.

Determine the equivalent units of production for materials and conversion costs.

Compute the unit costs of production.

c$.$ Materials $$9\mathrm{.}00$

CC $,$$$8\mathrm{.}00$

Determine the costs to be assigned to the units completed and transferred out

and to work in process for June.

d$.$ Completed and transferred out $$340,000$

Ending WIP

$$24,400$

Prepare o produciign cost report for the Molding Department for the month of

June.