Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Show Attempt History Current Attempt in Progress Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber,

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Show Attempt History Current Attempt in Progress 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. June O Production Data Beginning work in process units Units started into production Ending work in process units Percent complete-ending Inventory 22.660 2.060 40 % Cost Data Materials Labor Overhead $203,940 55.208 116,184 $375,332 Total (c) X Your answer is incorrect. Compute the unit costs of production. Materials Conversion Costs Total Unit Cost Unit Costs $ 203940 $ 171392 $ 8 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit (d) X Your answer is incorrect. Determine the costs to be assigned to the units transferred out and in process for June, Transferred out 17.52 Work in process, June 30 $ 17.52 e Textbook and Media Araw (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 Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process, June 1 Started into production Total units Units accounted for Question 8 of 10 1.674 Units accounted for Transferred out Work in process, June 30 Total units Costs Materials Conversion Costs Unit costs Total Costs $ Equivalent units Unit costs Costs to be accounted for Work in process, June 1.6/4 III 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 Conversion costs Total costs $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Learning From Collaborative Audit

Authors: Higher Education Quality Council

1st Edition

1858242312, 978-1858242316

More Books

Students also viewed these Accounting questions