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P21-2A Rowenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, ruhber, plastics, and otler materials ara molded
P21-2A Rowenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, ruhber, plastics, and otler materials ara 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 borin. ning of each process. Labor and manufacturing overhead are incurred unifortmly through out each praces. Production and cost data for the Molding Departiment during June 2017 are presented below. Compukir fowr steps necesary odas LD 3, 4) Auhcti keras Production Data Beginning work in process units Units started into production Ending work in process units Percent complete ending inventory June -0- 22,000 2,000 Jutra Cost Data 21- Materials Labor Overhead $198,000 53,600 112,800 tepa Total $364,400 Instructions (c) Materials $9.00 S8.00 (a) Prepare a schodule showing physical units of production. (b) Determine the eyuivalent 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 repart for the Molding Department for the month of June. Transferred out WIP $340,000 $ 24,400 Comulte four svens
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