Question 3 of 3 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 22.220 Ending work in process units Percent complete-ending inventory 40 % 2.020 Cost Data Materials Labor Overhead Total $199.980 54.136 113,928 $368,044 Prepare a schedule showing physical units of production Physical units Units to be accounted for Work in process, June 1 Started into production MacBook Air D * SO 889 74 & : F3 @ # $ 4 & 7 ( 9 8 0 6 2 3 5 T Y U 0 R W E H G J F S L D 16 - Extra Credit Question 3 of 3 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 e Textbook and Media MacBook Air SO DI FS F6 FY 19 A 2 3 $ 4 % 5 & 7 6 8 9 ) 0 2 W E R T Y U 1 0 S D F G I J J xtra Credit Question 3 of 3 > Compute the unit costs of production. (Round unit costs to 2 decimal places, eg. 2.25.) Materials Conversion Costs Total Unit Cost Unit Costs $ $ $ e Textbook 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 MacBook Air 888 DD 80 F2 Dn FB F3 F FS FA VO 17 * $ 4 % 5 2 & 7 ) 0 3 6 8 9 W E R T Y Y U I 0 P Credit Question 3 of 3 - / 1 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 Conversion Materials Costs Physical Units 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 MacBook Air 888 DI 80 F3 :8 DO 19 F2 F6 NG - @ 2 $ 4 & 7 ) 0 3 5 6 8 9 W E R T Y U I O S D F G H J J L Question 3 of 3 - / 1 Costs Conversion Costs Materials 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 MacBook Air DO . DW 80 888 74 285 F8 3 F . $ % 5 ( 9 ) 0 8 3 6 7 2 4 P E 0 T W R Y U G K J F L S D eation wiley.com/wasul/V2/assessment.player/index.html?launchid2d071609-0567-4198-8c9d-df6d07b94cebit question/2 Credit Question 3 of 3 > Started into production Total costs $ Cost Reconciliation Schedule Costs accounted for Transferred out $ Work in process, June 30 Materials $ Conversion costs Total costs $ e Textbook and Media Save for later Attempts: 0 of 5 used Submit Answer MacBook Air Dll DD . 828 F 40 9 M 73 FS F6 $ 4 % 5 & 7 ) 0 3 2 6 8 9 W E R T P Y U I 0 S D F G H J J L
