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

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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 bowlingballs. In the Packaging Department, the balls are placed in cartonsand sent to the finished goods warehouse. All materials are enteredat the beginning of each process. Labor and manufacturing overheadare incurred uniformly throughout each process. Production and costdata for the Molding Department during June 2017 are presentedbelow.
Production Data
June
Beginning work in process units 0
Units started into production 30,360
Ending work in process units 2,760
Percent complete—ending inventory 40 %
Cost Data
Materials $ 273,240
Labor 73,968
Overhead 155,664
Total $ 502,872

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Solution Computation of Equivalent unit of Production Molding Department Particulars Physical Units Material Conversion Unit completed Transferred out 303602760 27600 27600 27600 Closing WIP 2760 Material 100 2760 Conversion 40 1104 Equivalent units of production 30360 30360 See Answer

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In: AccountingRosenthal 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 bowlingballs. In the Packaging Department, the balls are placed in cartonsand sent to the finished goods warehouse. All materials are enteredat the beginning of each process. Labor and manufacturing overheadare incurred uniformly throughout each process. Production and costdata for the Molding Department during June 2017 are presentedbelow.Production DataJuneBeginning work in process units0Units started into production30,360Ending work in process units2,760Percent complete—ending inventory40%Cost DataMaterials$ 273,240Labor73,968Overhead155,664 Total$ 502,872

Production Data	June
Beginning work in process units	0
Units started into production	30,360
Ending work in process units	2,760
Percent complete—ending inventory	40	%

Cost Data
Materials		$ 273,240
Labor		73,968
Overhead		155,664
Total		$ 502,872