Determine the equivalent units of production for materials and conversion costs. Materials Total equivalent units Compute the unit costs of production. Materials Conversion Costs Conversion Costs Total Unit Cost Unit Costs $ Determine the costs to be assigned to the units transferred out and in process for June. Transferred out Work in process, June 30 Prepare a production cost report for the Molding Department for the month of June. ROSENTHAL COMPANY Molding Department Production Cost Report For the Month Ended June 30, 2020 Equivalent Units Conversion Costs Quantities Physical Units Materials Units to be accounted for Work in process, June 1 Started into production Total units Units accounted for Transferred out Work in process, June 30 Total units Rosenthal 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 28,380 Ending work in process units 2,580 Percent complete-ending inventory 40 % Cost Data Materials Labor Overhead Total 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 Transferred out Work in process, June 30 Total units $255,420 69,144 145,512 $470,076