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e) Prepare a production cost report for the molding department for the month of June. Question 5 of 5 9/15 Waterway Company manufactures bowling balls
e) Prepare a production cost report for the molding department for the month of June.
Question 5 of 5 9/15 Waterway 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. June Production Data Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory 0 25,740 2.340 40 % Cost Data Materials Labor Overhead Total $231,660 62.712 131.976 $426,348 (d) 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 Step by Step Solution
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