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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 added 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 2022 are presented below.

Production Data

June

Beginning work in process units 0
Units started into production 22,000
Ending work in process units 2,000
Percent complete as to conversionending inventory 40 %

Cost Data

Direct materials used in June $198,000
Direct labor incurred in June 53,600
Manufacturing overhead assigned in June 112,800
Total $364,400

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

Completed and 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

eTextbook and Media

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

eTextbook and Media

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

eTextbook and Media

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

eTextbook and Media

Prepare a production cost report for the Molding Department for the month of June.

ROSENTHAL COMPANY Molding Department Production Cost Report choose the accounting period For the Year Ended June 30, 2022June 30, 2022For the Month Ended June 30, 2022

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

Completed and 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 amount

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 amount

Cost Reconciliation Schedule

Costs to be accounted for

Work in process, June 1

$enter a dollar amount

Started into production

enter a dollar amount

Total costs

$enter a total amount

Costs accounted for

Completed and transferred out

$enter a dollar amount

Work in process, June 30

Materials

$enter a dollar amount

Conversion costs

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