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Question 8 of 8 10.5/15 TIL View Policies Show Attempt History Current Attempt in Progress Bonita Company manufactures bowling balls through two processes: Molding and
Question 8 of 8 10.5/15 TIL View Policies Show Attempt History Current Attempt in Progress Bonita 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 24,860 Ending work in process units 2,260 Percent complete-ending inventory 40 % Cost Data Materials $223,740 Labor 60,568 Overhead 127,464 Total $411,772 (d) Your answer is partially correct. Determine the costs to be assigned to the units transferred out and in process for June. Transferred out $ 384,200 Work in process, June 30 $ $
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