Question
Kasten Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into
Kasten 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 2010 are presented below.
Production Data June
Beginning work in process units -0-
Units started into production 22500
Ending work in process units 1700
Percent complete-ending inventory 40%
Cost Data
Materials $213750
Labor 60710
Overhead 119722
Total $394182
Prepare the production cost report for the moulding department for the month of June (round unit cost to 2 decimal )
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