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show work Q2. (30%) Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other
show work Q2. (30%) 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 Beginning work in process units Units started into production Ending work in process units Percent complete for material costs-ending inventory Percent complete for conversion costs-ending inventory June 5.000 40.000 4,000 Cost Data Materials Labor Overhead Total $260.400 $450,000 $797,000 $1,507,400 Materials Conversion Costs Total equivalent units 43,400 43,000 k. Determine the percent complete for materials and conversion costs. Show work. Materials Conversion Costs Percent complete b. Compute the unit costs of production. Show work. Materials Conversion Costs Total Unit Cost Unit Costs c. Determine the costs to be assigned to the units transferred out and in process for June. Show work. Transferred out Work in process, June 30 Page of
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