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Question 2 Kasten Company manufactures bowling balls through two processes: moulding and packaging. In the moulding department, urethane, rubber, plastic, and other materials are moulded
Question 2 Kasten Company manufactures bowling balls through two processes: moulding and packaging. In the moulding department, urethane, rubber, plastic, and other materials are moulded 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. Labour and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the moulding department during June 2020 are presented below: Production Data June Beginning work in process units 0 Units started into production 22,500 Ending work in process units 1,700 Percent complete-ending inventory 45% Cost Data Materials $202,500 Labour 60,750 Overhead 120,396 Total $383,646 Prepare a schedule showing physical units of production. Units to be accounted for Units accounted for LINK TO TEXT LINK TO TEXT Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs Calculate the unit costs of production. (Round answer to 2 decimal places, e.g. 15.25.) Unit Costs Materials Conversion costs $ Total unit cost $ LINK TO TEXT LINK TO TEXT Determine the costs to be assigned to the units transferred out and in process for June. Costs accounted for Transferred out Work in process, June 30 Materials S Conversion costs Total costs $
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