Rosenthal Company manufactures bowling balls through twoprocesses: Molding and Packaging. In the Molding Department, theurethane, rubber, plastics, and other materials are molded intobowling balls. In the Packaging Department, the balls are placed incartons and sent to the finished goods warehouse. All materials areentered at the beginning of each process. Labor and manufacturingoverhead are incurred uniformly throughout each process. Productionand cost data for the Molding Department during June 2020 arepresented below.
Production Data | | June |
|---|
| Beginning work in process units | | 0 | |
|---|
| Units started into production | | 22,660 | |
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| Ending work in process units | | 2,060 | |
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| Percent complete—ending inventory | | 40 | % |
|---|
Cost Data | | |
|---|
| Materials | | $ 203,940 |
|---|
| Labor | | 55,208 |
|---|
| Overhead | | 116,184 |
|---|
| Total | | $ 375,332 |
|---|
(a)
Prepare a schedule showing physical units of production.
| Physical units | | |
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Units to be accounted for | | |
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Work in process, June 1 | | enter a number of units |
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Started into production | | enter a number of units |
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Total units | | enter a total number of units |
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| | |
Units accounted for | | |
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Transferred out | | enter a number of units |
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Work in process, June 30 | | enter a number of units |
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Total units | | enter a total number of units |
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b) Determine the equivalent units of production for materialsand conversion costs
c) Compute the unit costs of production
d) Determine the costs to be assigned to the units transferredout and in process for June
e) Prepare a production cost report for the Molding Departmentfor the month of June
