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 production cost report for the moulding department for the month of June. (Round unit cost to 2 decimal places, e.g. 15.25.) KASTEN COMPANY Moulding Department Production Cost Report For the Month Ended June 30, 2020 Equivalent Units Physical Units Materials Conversion Costs Total Quantities 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 Unit costs Costs in June 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