Question

Please answer using only the numbers provided in THIS problem. Thanks.

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 22,660 Ending work in process units 2,060 Percent complete-ending inventory 40% Cost Data Materials $203,940 Labor 55,208 Overhead 116,184 Total $375,332

Answer 1

ROSENTHAL COMPANY
Molding Department
Production Cost Report
For the Month Ended June 30, 2020
		Equivalent Units
	Physical Units	Materials	Conversion Costs
Units to be accounted for
Work in process, June 1	0
Started into production	22660
Total units	22660
Units accounted for
Transferred out	20600	20600	20600
Work in process, June 30	2060	2060	824
Total units	22660	22660	21424
Costs		Materials	Conversion Costs	Total
Unit costs:
Total costs		203940	171392	375332
Equivalent units		22660	21424
Unit costs		9.00	8.00	17.00
Costs to be accounted for
Work in process, June 1				0
Started into production				375332
Total costs				375332
Cost Reconciliation Schedule
Costs accounted for
Transferred out				350200	=20600*17
Work in process, June 30
Materials			18540		=2060*9
Conversion costs			6592	25132	=824*8
Total costs				375332