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Homework answers / question archive / Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging

Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging

Accounting

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 0 Units started into production 27,720 Ending work in process units 2,520 Percent complete—ending inventory 40 % 
Cost Data 

Materials $249,480 Labor 67,536 Overhead 142,128 Total $459,144 

A. Schedule showing physical units of production.

 

Units to be accounted for

WIP June 1:

Started into Production:

Total Units:

 

Units accounted for:

Transferred Out:

WIP June 30:

Total Units:

 

B. Equivalent units of production for materials and conversion costs.

 

Total Equivalent Units for Materials:

Total Equivalent Units for Conversion Costs:

 

C. The unit costs of production. (Round unit costs to 2 decimal places)

 

Unit costs for (Materials):

Unit costs (Conversion Costs):

Unit costs (Total):

 

D. The costs to be assigned to the units transferred and in process for June.

 

Transferred Out:

WIP June 30:

 

E. Production cost report for the Molding Dept for the month of June

 

 

*Please show calculations, so I can see where I made any mistakes.

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