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 |
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---|---|---|---|
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 |
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Equivalent Units |
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Quantities |
Physical |
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Conversion |
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Units to be accounted for |
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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 |
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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 | |||||
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Conversion |
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Unit costs |
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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 |
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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 |
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Costs accounted for |
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Transferred out |
$enter a total amount | |||||||
Work in process, June 30 |
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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 is given below
Problem 16-02A Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding...
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....
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...
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....
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...
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...
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...
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 2017 are presented below Producti Beginning...
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...
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...
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...