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		24,420
Ending work in process units		2,220
Percent completeending inventory		40	%

Cost Data
Materials		$219,780
Labor		59,496
Overhead		125,208
Total		$404,484

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

Determine the equivalent units of production for materials and conversion costs.

		Materials		Conversion Costs
Total equivalent units

Compute the unit costs of production.

		Materials		Conversion Costs		Total Unit Cost
Unit Costs

Determine the costs to be assigned to the units transferred out and in process for June.

Transferred out
Work in process, June 30		t

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, 2020
				Equivalent Units
Quantities		Physical Units		Materials		Conversion Costs