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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
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. Prepare a schedule showing physical units of production. Determine the equivalent units of production for materials and conversion costs. eTextbook and Media Compute the unit costs of production. Determine the costs to be assigned to the units transferred out 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. Work in process, June 1 Started into production Total units Units accounted for Transferred out Work in process, June 30 Total units Conversion Costs Costs Materials Costs Tc 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 30 Materials Conversion costs Total costs $
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