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Question 13 of 13 -/1 E Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber,
Question 13 of 13 -/1 E 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 27,720 Ending work in process units Percent complete-ending inventory 2,520 40 % Cost Data $249,480 Materials Labor 67,536 Overhead 142,128 Total $459,144 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 Total equivalent units eTextbook and Media Compute the unit costs of production. Unit Costs $ Materials eTextbook and Media Conversion Costs Conversion Costs Total Unit Cost $ Determine the costs to be assigned to the units transferred out and in process for June. Transferred out EA Work in process, June 30 $ eTextbook and Media Quantities Units to be accounted for Work in process, June 1 Started into production Total units Units accounted for Transferred out Work in Physical ROSENTHAL COMPANY Molding Department Production Cost Report For the Month Ended June 30, 2020 Units Materials Equivalent Units Conversion Costs Work in process, June 30 Total units Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, June 1 Materials Conversion Costs $ 1A $ $ $ 1A Total 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
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