Question

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 Units started into production 25,960 Ending work in process units 2,360 Percent complete-ending inventory 40% Cost Data Materials $233,640 Labor 63.248 Overhead 133,104 Total $429,992 Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1

Answer 1

a
1
Physical units
Units to be accounted for
Work in process, June 1	0
Started into production	25960
Total units	25960
Units accounted for
Transferred out	23600
Work in process, June 30	2360
Total units	25960
2
	Materials	Conversion Costs
Equivalent units	25960	24544
3
	Materials	Conversion Costs	Total unit cost
Unit costs	9.00	8.00	17.00
4
Transferred out	401200
Work in process, June 30	28792
b
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	25960
Total units	25960
Units accounted for
Transferred out	23600	23600	23600
Work in process, June 30	2360	2360	944
Total units	25960	25960	24544
Costs		Materials	Conversion Costs	Total
Unit costs:
Total costs		233640	196352	429992
Equivalent units		25960	24544
Unit costs		9.00	8.00	17.00
Costs to be accounted for
Work in process, June 1				0
Started into production				429992
Total costs				429992
Cost Reconciliation Schedule
Costs accounted for
Transferred out				401200	=23600*17
Work in process, June 30
Materials			21240		=2360*9
Conversion costs			7552	28792	=944*8
Total costs				429992