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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 25,960
Ending work in process units 2,360
Percent completeending inventory 40 %

Cost Data

Materials $233,640
Labor 63,248
Overhead 133,104
Total $429,992

(a)

Prepare a schedule showing physical units of production.

Physical units

Units to be accounted for

Work in process, June 1

enter a number of units

Started into production

enter a number of units

Total units

enter a total number of units

Units accounted for

Transferred out

enter a number of units

Work in process, June 30

enter a number of units

Total units

enter a total number of units

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Using multiple attempts will impact your score.

10% score reduction after attempt 2

(b)

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

Materials

Conversion Costs

Total equivalent units

enter a number of units

enter a number of units

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Using multiple attempts will impact your score.

10% score reduction after attempt 2

(c)

Compute the unit costs of production.

Materials

Conversion Costs

Total Unit Cost

Unit Costs

$enter a dollar amount

$enter a dollar amount

$enter a total amount

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Using multiple attempts will impact your score.

10% score reduction after attempt 2

(d)

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

Transferred out

$enter a dollar amount

Work in process, June 30

$enter a dollar amount

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Attempts: 0 of 3 used

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Using multiple attempts will impact your score.

10% score reduction after attempt 2

(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

Physical Units

Materials

Conversion Costs

Units to be accounted for

Work in process, June 1

enter a number of units

Started into production

enter a number of units

Total units

enter a total number of units

Units accounted for

Transferred out

enter a number of units

enter a number of units

enter a number of units

Work in process, June 30

enter a number of units

enter a number of units

enter a number of units

Total units

enter a total number of units

enter a total number of units

enter a total number of units

Costs

Materials

Conversion Costs

Total

Unit costs

Total Costs

$enter a dollar amount

$enter a dollar amount

$enter a total of the two previous amounts

Equivalent units

enter a number of units

enter a number of units

Unit costs

$enter a dollar amount

$enter a dollar amount

$enter a total of the two previous amounts

Costs to be accounted for

Work in process, June 1

$enter a total amount

Started into production

enter a total amount

Total costs

$enter a total of the two previous amounts

Cost Reconciliation Schedule

Costs accounted for

Transferred out

$enter a total amount

Work in process, June 30

Materials

$enter a dollar amount

Conversion costs

enter a dollar amount

enter a subtotal of the two previous amounts

Total costs

$enter a total amount for this Cost Reconciliation Schedule

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