Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows:

Cutting Department

Production Data - July

Plant 1

Plant 2

T-12 - Tables

C-10 - Chairs

Work in process units, July 1

0

0

Units started into production

20,000

16,800

Work in process units, July 31

3,000

525

Work in process (percent complete)

60

80

Cost Data - July

Work in process, July 1

$0

$0

Materials

380,000

302,400

Labor

234,400

115,500

Overhead

104,000

110,040

Total

$718,400

$527,940

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 throughtout each process. Production and cost data for the Molding Department during June 2017 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-ending inventory 40%

Cost Data

Materials 198,000

Labor 53,600

Overhead 112,800

Total 364,400

Instructions

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

Instructions:

Prepare the production cost report.