Question

Problem 16-02A

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		28,820
Ending work in process units		2,620
Percent complete—ending inventory		40	%

Cost Data
Materials		$259,380
Labor		70,216
Overhead		147,768
Total		$477,364

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
Quantities		Physical Units		Materials		Conversion Costs
Units to be accounted for
Work in process, June 1		enter a number of units
Started into production		enter a number of units
Total units		enter a total number of units
Units accounted for
Transferred out		enter a number of units		enter a number of units		enter a number of units
Work in process, June 30		enter a number of units		enter a number of units		enter a number of units
Total units		enter a total number of units		enter a total number of units		enter a total number of units
Costs				Materials		Conversion Costs		Total
Unit costs
Total Costs				$enter a dollar amount		$enter a dollar amount		$enter a total of the two previous amounts
Equivalent units				enter a number of units		enter a number of units
Unit costs				$enter a dollar amount		$enter a dollar amount		$enter a total of the two previous amounts
Costs to be accounted for
Work in process, June 1								$enter a total amount
Started into production								enter a total amount
Total costs								$enter a total of the two previous amounts
Cost Reconciliation Schedule
Costs accounted for
Transferred out								$enter a total amount
Work in process, June 30
Materials						$enter a dollar amount
Conversion costs						enter a dollar amount		enter a subtotal of the two previous amounts
Total costs								$enter a total amount for this Cost Reconciliation Schedule

Answer 1

Answer is given below

ROSENTHAL COMPANY Molding Department Production Cost Report For the Month Ended June 30, 2020 Physical Units % Equivalent units EUP % EUP Materials Conversion Conversion cupaient units Materials 28,820 28,820 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 26,200 2,620 28,820 100% 100% 26,200 2,620 100% 40% 26,200 1,048 27,248 28,820 Direct Materials Conversion Costs Total Unit costs Total costs Equivalent units Cost per equivalent unit $259,380 28,820 $477,364 $217,984 27,248 $8.00 $9.00 $17.00 Cost to be accounted for Direct Materials Total Work in process June 1 Started into production Total costs Conversion Costs $0 $217,984 $217,984 $259,380 $259,380 $477,364 $477,364 $445,400 (26,200* $17) Cost Reconciliation Schedule Costs accounted for: Cost transferred out Work in process, June 30 Materials Conversion Cost Total Costs $23,580 $8,384 $31,964 $477,364 (2,620* $9) (1,048* $8)