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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 2017 are presented below. ROSENTHAL COMPANY Molding Department Production Cost Report For the Month Ended June 30, 2017 Equivalent Units Conversion Materials Costs Physical Units Production Data Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory June 0 30,580 2.780 40 % Quantities Unitstale Account for Wark in process, June 1 Started into produktai Total unit: Cost Data Materials Labor Overhead Total $275,220 74,504 156,792 Units axounted for Transferred out Work in process, June 30 Tocal units $506,516 Prepare a schedule showing hyskal units of production Physical units Units to be accounted for Work in process, June 1 Conversion Costs Materials Costs Unt costs Tatal Costs $ S Started into production Evlene units Tot units Unicola $ $ Units accounted for Transferred out Work in process, June 30 accounted for Work in $ Total units Determine the equivalent units of production for materials and conversion costs. 1 Started into production Total costs $ Materials Conversion Costs Total equivalent units Compute the unit costs of production (Round unit costs to 2 decimal places, eg. 2.25.) Cost Reconciliation Schedule Costs accounted for Transferred cut Work in pro Materials Conversion Costs Total Unit Cost Unit Coats $ s Determine the costs to be assigned to the units transferred and in process for June. $ Transferred out $ Materials Curversion cs Work in process, June 30 $ 11
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