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Please answer using only the numbers provided in THIS problem. Thanks. Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding
Please answer using only the numbers provided in THIS problem. Thanks.
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 Beginning work in process units 0 Units started into production 22,660 Ending work in process units 2,060 Percent complete-ending inventory 40% Cost Data Materials $203,940 Labor 55,208 Overhead 116,184 Total $375,332 For the Month Ended June 30, 2020 Equivalent Units Physical Units Conversion Costs Quantities Materials Units to be accounted for Work in process, June Started into production Total units Units accounted for Transferred out Work in process, June 30 Total units Conversion Costs Costs Materials Total Unit costs Total Costs $ $ Equivalent units Unit costs $ Costs to be accounted for Work in process, June Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, June 30 Materials Conversion costs Total costsStep by Step Solution
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