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Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the...


Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the ure
Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1 Sta
Compute the unit costs of production. Materials Conversion Costs Total Unit Cost Unit Costs $ eTextbook and Media Determine t
Prepare a production cost report for the Molding Department for the month of June. ROSENTHAL COMPANY Molding Department Produ
Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, June 1 Started into production
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 Units started into production 25,960 Ending work in process units 2,360 Percent complete-ending inventory 40% Cost Data Materials $233,640 Labor 63.248 Overhead 133,104 Total $429,992 Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1
Prepare a schedule showing physical units of production. Physical units 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 e Textbook and Media Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs Total equivalent units
Compute the unit costs of production. Materials Conversion Costs Total Unit Cost Unit Costs $ eTextbook and Media Determine the costs to be assigned to the units transferred out and in process for June. Transferred out Work in process, June 30 $ e Textbook and Media 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 Earlantilalle
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 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 Unit costs Total Costs Equivalent units
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 Conversion costs Total costs e Textbook and Media
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Answer #1
a
1
Physical units
Units to be accounted for
Work in process, June 1 0
Started into production 25960
Total units 25960
Units accounted for
Transferred out 23600
Work in process, June 30 2360
Total units 25960
2
Materials Conversion Costs
Equivalent units 25960 24544
3
Materials Conversion Costs Total unit cost
Unit costs 9.00 8.00 17.00
4
Transferred out 401200
Work in process, June 30 28792
b
ROSENTHAL COMPANY
Molding Department
Production Cost Report
For the Month Ended June 30, 2020
Equivalent Units
Physical Units Materials Conversion Costs
Units to be accounted for
Work in process, June 1 0
Started into production 25960
Total units 25960
Units accounted for
Transferred out 23600 23600 23600
Work in process, June 30 2360 2360 944
Total units 25960 25960 24544
Costs Materials Conversion Costs Total
Unit costs:
Total costs 233640 196352 429992
Equivalent units 25960 24544
Unit costs 9.00 8.00 17.00
Costs to be accounted for
Work in process, June 1 0
Started into production 429992
Total costs 429992
Cost Reconciliation Schedule
Costs accounted for
Transferred out 401200 =23600*17
Work in process, June 30
      Materials 21240 =2360*9
      Conversion costs 7552 28792 =944*8
Total costs 429992
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