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 29,480 Ending work in process units 2,680 Percent complete-ending inventory 40 % Cost Data Materials $265,320 Labor 71,824 Overhead 151,152 Total $488,296 Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1 0 Started into production 29480 Total units 29480 Units accounted for Transferred out Work in process, June 30 Total units e Textbook and Media Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs Total equivalent units e Textbook and Media Compute the unit costs of production. Materials Conversion Costs Total Unit Cost Unit Costs $ $ $ Determine the costs to be assigned to the units transferred out and in process for June. Transferred out $ $ Work in process, June 30 ROSENTHAL COMPANY Molding Department Production Cost Report For the Month Ended June 30, 2020 Equivalent Units Physical Units Conversion Costs Quantities Materials Units to be accounted for Work in process, June 1 Started into production Total units Units accounted for Transferred out Work in process, June 30 Total units Conversion Costs Costs Materials Total Unit costs Total Costs $ $ $ Equivalent units 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 process, June 30 Materials ta Conversion costs Total costs