Question
Please help fill out the boxes below, i need this soon if possible, to study. Thank you! Rosenthal Company manufactures bowling balls through two processes:
Please help fill out the boxes below, i need this soon if possible, to study. Thank you!
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 2017 are presented below.
Production Data | June | ||
Beginning work in process units | 0 | ||
Units started into production | 29,700 | ||
Ending work in process units | 2,700 | ||
Percent completeending inventory | 40 | % |
Cost Data | ||
Materials | $ 267,300 | |
Labor | 72,360 | |
Overhead | 152,280 | |
Total | $ 491,940 |
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 | ||
Transferred out | ||
Work in process, June 30 | ||
Total units |
eTextbook and Media
Determine the equivalent units of production for materials and conversion costs.
Materials | Conversion Costs | |||
Total equivalent units |
eTextbook and Media
Compute the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.)
Materials | Conversion Costs | Total Unit Cost | ||||
Unit Costs | $ | $ | $ |
eTextbook and Media
Determine the costs to be assigned to the units transferred and in process for June.
Transferred out | $ | |
Work in process, June 30 | $ |
eTextbook and Media
Prepare a production cost report for the Molding Department for the month of June.
ROSENTHAL COMPANY Molding Department Production Cost Report For the Month Ended June 30, 2017 | ||||||||
Equivalent Units | ||||||||
Quantities | Physical Units | Materials | Conversion Costs | |||||
Units to be accounted for | ||||||||
Work in process, June 1 | ||||||||
Started into production | ||||||||
Total units | ||||||||
Units accounted for | ||||||||
Transferred out | ||||||||
Work in process, June 30 | ||||||||
Total units | ||||||||
Costs | Materials | Conversion Costs | Total | |||||
Unit costs | ||||||||
Total Costs | $ | $ | $ | |||||
Equivalent units | ||||||||
Unit costs | $ | $ | $ | |||||
Costs to be accounted for | ||||||||
Work in process, June 1 | $ | |||||||
Started into production | ||||||||
Total costs | $ | |||||||
Cost Reconciliation Schedule | ||||||||
Costs accounted for | ||||||||
Transferred out | $ | |||||||
Work in process, June 30 | ||||||||
Materials | $ | |||||||
Conversion costs | ||||||||
Total costs | $ |
eTextbook and Media
<. seoure l https: grades resenthal curpy manufacturesbwlng balls through two processes:molding and pockaging. in lhe moldig department urethane rubbe plastics other materials are molded into bowling balls. the packaging placed cartons sent to nished roods warchousc. all matorials arc onterod at bcginning of cach proress. labor ard manufacturing overhcad incurred uniformly throughout process. production cost data for malding durirg june presented belaw. beginning wwrk ir prccess units started cntling work process perrent complete rnding invrntory cast overhead total prepare a schedule showing physical he accauntrd slared inlo tullunils accounted transferred out lune tatal o lype hene search>Step by Step Solution
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