Crane 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 data for the Molding Department during June 2022 are presented below.

Crane 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 data for the Molding Department during June 2022 are presented below. Production Data June Beginning work in process units 0 Units started into production 18,040 Ending work in process units 1,640 Percent complete as to conversion-ending inventory 40% Cost Data Direct materials used in June $ 162,360 Direct labor incurred in June 43,952 Manufacturing overhead assigned in June 92,496 Total $ 298,808 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 Completed and transferred out Work in process, June 30 Total units e Textbook and Media Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs Total equivalent units e Textbook and Media Compute the unit costs of production. Materials Conversion Cost: Tot Unit Cost Unit Costs $ $ $ e Textbook and Media 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 $ e Textbook and Media Prepare a production cost report for the Molding Department for the month of June. CRANE COMPANY Molding Department Production Cost Report Equivalent Units Physical Units Conversion Costs Quantities Materials Units to be accounted for Work in process, June 1 Started into production Total units Units accounted for Completed and transferred out Work in process, June 30 Total units Conversion Costs Costs Materials Unit costs Total Costs $ $ $ Equivalent units Unit costs $ $ $ Cost Reconciliation Schedule Costs to be accounted for Work in process, June 1 $ Started into production Total costs $ Costs accounted for Completed and transferred out $ Work in process, June 30 Materials $ Conversion costs Total costs $ e Textbook and Media