Oriole 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 Units started into production Ending work in process units Percent complete as to conversion-ending inventory Cost Data Direct materials used in June $217,800 Direct labor incurred in June 58,960 Manufacturing overhead assigned in June 124,080 Total $400,840 24,200 2.200 40% 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 24200 24200 22000 2200 24200 Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Materials Total equivalent units eTextbook and Media. Your answer is correct. Compute the unit costs of production. Materials Unit Costs $ eTextbook and Media 9 24200 Conversion Costs Conversion Costs 8 22880 Total Unit Cost 17 Your answer is correct. Compute the unit costs of production. Materials Unit Costs $ eTextbook and Media Your answer is correct. Conversion Costs 9 $ 8 $ Total Unit Cost 17 Determine the costs to be assigned to the units completed and transferred out and to work in process for June. Transferred out $ 374000 Work in process, June 30 $ 26840 ORIOLE COMPANY Molding Department Production Cost Report Physical Materials Quantities Units to be accounted for Work in process, June 1 Started into production Total units Units 3 100000 Units accounted for Completed and transferred out Work in process, June 30 Total units Equivalent Units Conversion Costs Costs 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 Conversion Materials Costs Total Started into production Total costs Costs accounted for Completed and transferred out Work in process, June 30 Materials Conversion costs Total costs eTextbook and Media