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 units0Units started into production22,000Ending work in process units2,000Percent completeending inventory40%

Cost Data

Materials$198,000Labor53,600Overhead112,800Total$364,400

(a)

Your answer is correct.

schedule showing physical units of production.

Physical unitsUnits to be accounted forWork in process, June 1

Started into production

Total units

Units accounted forTransferred out

Work in process, June 30

Total units

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Attempts: 1 of 5 used

(b)

Your answer is correct.

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

Materials

Conversion Costs

Total equivalent units

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Attempts: 2 of 5 used

(c)

Your answer is correct.

Compute the unit costs of production.

Materials

Conversion Costs

Total Unit Cost

Unit Costs$

$

$

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Attempts: 1 of 5 used

(d)

Your answer is correct.

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

Transferred out$

Work in process, June 30$

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Attempts: 3 of 5 used

(e)

Your answer is partially correct.Try again.

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

Units to be accounted forWork in process, June 1

Started into production

Total units

Units accounted forTransferred out

Work in process, June 30

Total units

Costs

Materials

Conversion

Costs

Total

Unit costsTotal Costs$

$

$

Equivalent units

Unit costs$

$

$

Costs to be accounted forWork in process, June 1$

Started into production

Total costs$

Cost Reconciliation Schedule

Costs accounted forTransferred out$

Work in process, June 30Materials$

Conversion costs

Total costs$