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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.
*Problem 17-2A 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 ir 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 Production Data June Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory 24,860 2,260 40 % Cost Data Materials Labor Overhead $223,740 60,568 127,464 411,772 Total Your answer is correct Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1 Started into production 4860 Total units 4860 Units accounted for Transferred out 22600 Work in process, June 30 260 4860 Total unitsStep by Step Solution
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