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 Units started into production process units 0 28,380 Ending work process units 2,580 Percent complete-ending inventory 40 % Cost Data Materials $255,420 Labor 69,144 Overhead 145,512 $470,076 Total Prepare a schedule showing physical units of production Physical units Units to be accounted for Work in process, June 1 Started into production 28380 Total units 28380 Units accounted for Transferred out 25800 Work in process, June 30 2580 Total units 28380 LINK TO TEXT VIDEO: SIMILAR PROBLEM Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs Total equivalent units 28380 26832 Compute the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.) Conversion Costs Total Unit Cost Materials 7.94 Unit Costs 8.07 16.01 LINK TO TEXT VIDEO: SIMILAR PROBLEM Determine the costs to be assigned to the units transferred and in process for June. Transferred out Work in process, June 30 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 Physical Units Conversion Quantities Materials Costs Units to be accounted for Work in process, June 1 Started into production 28,380 Total units 28,380 Units accounted for Transferred out Work in process, June 30 Total units Materials lotal 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 ls Conversion costs Total costs