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BACK NEXT Problem 16-02A Rosenthal Company manufactures bowlingborough two processes: Molding and packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Depart 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 union throughout each process. Production and cost data for the Molding Department during June 2020 are presented below. Production Data Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory June 0 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 Started into production Total units Units accounted for Transferred out Work in process, June 30 Production Data Beginning w process units Units started into production Ending work in process units Percent complete-ending inventory June 0 25,740 2,340 40 % Cost Data Materials Labor Overhead Total $231,660 62,712 131,976 $426,348 Ely 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 Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs 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 $ $ Determine the costs to be assigned to the units transferred out and in process for June. Transferred out Work in process, June 30 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 Conversion Units Materials Costs Quantities Units to be accounted for Work in process, June 1 Started into production Total units Molding Department Production Cost Report For the Month Ended June 30, 2020 Equivalent Units Physical Conversion Units Materials Costs 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 Unit costs Materials Total Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, June 1 Started into production ch Materials Conversion Costs Costs Unit costs Total 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 Click if you would like to Show Work for this question: Open Show Work

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