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P21-1A Fire Out Company manufactures its product, Vitadrink, through two manufac- turing processes: Mixing and Packaging. All materials are entered at the beginning of each process. Process-Mixing $0, Work in The beginning inventory for Packaging consisted of 10.000 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 50,000 units were started into production in the Mixing Department and the following transactions were completed (LO 2) On October 1, 2017, inventories consisted of Raw Materials $26,000, Work in g $250,000, and Finished Goods $289,000. 1. Purchased $300,000 of raw materials on account. 2. Issued raw materials for production: Mixing $210,000 and Packaging $45,000 3. Incurred labor costs of $278,900. 4. Used factory labor: Mixing $182,500 and Packaging $96,400. 5. Incurred $810,000 of manufacturing overhead on account. 6. Applied manufacturing overhead on the basis of $23 per machine hour. Machine hours were 28,000 in Mixing and 6,000 in Packaging. 7. Transferred 45,000 units from Mixing to Packaging at a cost of $979,000. 8. Transferred 53,000 units from Packaging to Finished Goods at a cost of $1,315,000. 9. Sold goods costing $1,604,000 for $2,500,000 on account. Journalize the October transactions. Complete four steps necessary P21-2A Rosenthal Company manufactures bowling balls through two processes: Molding to prepare a production costand 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 begin- ning of each process. Labor and manufacturing overhead are incurred uniformly through- out each process. Production and cost data for the Molding Department during June 2017 report. (LO 3, 4) are presented below. Production Data Junc Beginning work in process units Units started into production Ending work in process units Percent c 22,000 2,000 40% ing inventory Cost Data Materials Labor Overhead $198,000 53,600 112,800 $364,400 Total (c)Materials $9.00 $8.00 (a) Prepare a schedule showing physical units of production. (b) Determine the equivalent units of production for materials and conversion costs. (c) Compute the unit costs of production. (d) Transferred out 340,000 (d) Determine the costs to be assigned to the units transferred out and in process for June. 24,400 (c) Prepare a production cost report for the Molding Department for the month of June. WIP

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