Question
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.
Production Data | June | ||
---|---|---|---|
Beginning work in process units | 0 | ||
Units started into production | 25,080 | ||
Ending work in process units | 2,280 | ||
Percent completeending inventory | 40 | % |
Cost Data | ||
---|---|---|
Materials | $225,720 | |
Labor | 61,104 | |
Overhead | 128,592 | |
Total | $415,416 |
Determine the costs to be assigned to the units transferred out and in process for June. Transferred out $
Work in process, June 30 $
ROSENTHAL COMPANY Molding Department Production Cost Report For the Month Ended June 30, 2017 Equivalent Units Physical Conversion Units Materials Costs 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 Materials Conversion Costs Total Costs 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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