P21.1A (LO 2) Fire Out Company manufactures its product, Vitadrink, through two manufacturing pro- Journalize transactions. cesses: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2020, inventories consisted of Raw Materials $26,000, Work in Process Mixing $0, Work in Process-Packaging $250,000, and Finished Goods $289,000. The beginning inventory for Packaging consisted of 10,000 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 50,000 units were started into production in the Mixing Department and the following transactions were completed. 1. Purchased $300,000 of raw materials on account. 2. Issued raw materials for production: Mixing $210,000 and Packaging $45,000. 3. Incurred labor costs of $278,900. 4. Used factory labor: Mixing $182,500 and Packaging $96,400. 5. Incurred $810,000 of manufacturing overhead on account. 6. Applied manufacturing overhead on the basis of $23 per machine hour. Machine hours were 28,000 in Mixing and 6,000 in Packaging. 7. Transferred 45,000 units from Mixing to Packaging at a cost of $979,000. 8. Transferred 53,000 units from Packaging to Finished Goods at a cost of $1,315,000. 9. Sold goods costing $1,604,000 for $2,500,000 on account. Instructions Journalize the October transactions. P21.2A (LO 3, 4) 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 Complete four steps necessary to prepare a production cost report. Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory Cost Data Materials Labor Overhead Total -0- 22,000 2,000 40% $198,000 53,600 112,800 $364,400 Instructions a. Prepare a schedule showing physical units of production. b. Determine the equivalent units of production for materials and conversion costs. c. Compute the unit costs of production. d. Determine the costs to be assigned to the units transferred out and in process for June. e. Prepare a production cost report for the Molding Department for the month of June. c. Materials CC d. Transferred $9.00 $8.00 out WIP $340,000 $ 24,400