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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. Production Data June Beginning work in process units 0 Units started into production 22,220 Ending work in process units 2,020 Percent complete-ending inventory 40 % Cost Data Materials $199,980 Labor 54,136 Overhead 113,928 Total $368,044 (e) 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 Units to be accounted for Work in process, June 1 Started into production Total units Physical Units Materials Conversion Costs Units accounted for Transferred out Work in process, June 30 Total units Costs Unit costs Total Costs Equivalent units $ Materials $ Conversion Costs Tot 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 $ Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, June 30 Materials Conversion costs Total costs $ +A +A $
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