Question

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 urePrepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1 257Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs Total equivalentDetermine the costs to be assigned to the units transferred out and in process for June. Transferred out $ Work in process, JMolding Department Production Cost Report For the Month Ended June 30, 2020 Equivalent Units Conversion Materials Costs PhysiTotal units Conversion Costs Costs Materials Unit costs Total Costs $ $ $ Equivalent units Unit costs $ $ $ Costs to be accouCost Reconciliation Schedule Costs accounted for Transferred out Work in process, June 30 Materials $ Conversion costs Total

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 0 Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory 25,740 2,340 40 % Cost Data Materials Labor Overhead $231,660 62,712 131,976 $426,348 Total
Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1 25740 Started into production Total units Units accounted for Transferred out Work in process, June 30 Total units
Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs Total equivalent units e Textbook and Media Compute the unit costs of production. Materials Conversion Costs Total Unit Cost Unit Costs $ $ $
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
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 Transferred out Work in process, June 30
Total units Conversion Costs Costs Materials 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 $
0 0
Add a comment Improve this question
Answer #1

Physical units Units to be accounted for Work in process, June 1 Started into production Total units 0 25740 25740 Units acco

E A B C D 1 Molding Department 2 Production Cost Report 3 For the Month Ended June 30, 2020 4 Equivalent Units 5 Quantities P15 Materials Conversion costs Total $ 231,660$ 25740 $ 9$ 194,688 $ 426,348 24336 8 $ 17 16 Costs 17 Unit costs 18 Total Cost

A с D E 1 2 B Molding Department Production Cost Report For the Month Ended June 30, 2020 Equivalent Units Physical units Mat0 426348 =+E23+E24 21 22 Costs to be accounted for 23 Work in process, June 1 24 Started into production 25 Total costs 26 27

Add a comment
Know the answer?
Add Answer to:
Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 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 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...

  • 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 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...

  • 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 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 Producti Beginning...

  • 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 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...

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

    Crane 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 0...

  • 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 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...

  • 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 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...

  • 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 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...

  • Production Cost Report Sheridan Company manufactures bowling balls through two processes: Molding and Packaging. In the...

    Production Cost Report Sheridan 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...

  • Problem 16-02A Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding...

    Problem 16-02A 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....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT