Problem 16-02A

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 units0Units started into production28,160Ending work in process units2,560Percent completeending inventory40%

Cost Data

Materials$253,440Labor68,608Overhead144,384Total$466,432

Prepare a schedule showing physical units of production.

Physical units Units to be accounted forWork in process, June 1enter a number of units

Started into production enter a number of units

Total units enter a total number of units

Units accounted forTransferred out enter a number of units

Work in process, June 30enter a number of units

Total units enter a total number of units

Determine the equivalent units of production for materials and conversion costs.

Materials

Conversion Costs

Total equivalent units enter a number of units

enter a number of units

Compute the unit costs of production.

Materials

Conversion Costs

Total Unit Cost

Unit Costs$

enter a dollar amount

$

enter a dollar amount

$

enter a total amount

Determine the costs to be assigned to the units transferred out and in process for June.

Transferred out$

enter a dollar amount

Work in process, June 30$

enter a dollar amount

Pre pare 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, 2020

Equivalent Units

Quantities

Physical

Units

Materials

Conversion

Costs

Units to be accounted forWork in process, June 1enter a number of units

Started into productionenter a number of units

Total units enter a total number of units

Units accounted forTransferred out enter a number of units

enter a number of units

enter a number of units

Work in process, June 30enter a number of units

enter a number of units

enter a number of units

Total units enter a total number of units

enter a total number of units

enter a total number of units

Costs

Materials

Conversion

Costs

Total

Unit costsTotal Costs$

enter a dollar amount

$

enter a dollar amount

$

enter a total of the two previous amounts

Equivalent units enter a number of units

enter a number of units

Unit costs$

enter a dollar amount

$

enter a dollar amount

$

enter a total of the two previous amounts

Costs to be accounted forWork in process, June 1$

enter a total amount

Started into production enter a total amount

Total costs$

enter a total of the two previous amounts

Cost Reconciliation Schedule

Costs accounted forTransferred out$

enter a total amount

Work in process, June 30Materials$

enter a dollar amount

Conversion costs enter a dollar amount

enter a subtotal of the two previous amounts

Total costs$

enter a total amount for this Cost Reconciliation Schedule