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		0
Units started into production		25,080
Ending work in process units		2,280
Percent complete—ending inventory		40	%

Cost Data
Materials		$225,720
Labor		61,104
Overhead		128,592
Total		$415,416

Prepare a schedule showing physical units of production.

Physical units
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
Work in process, June 30		enter a number of units
Total units		enter a total number of units

eTextbook and Media

Determine the equivalent units of production for materials and conversion costs.

		Materials		Conversion Costs
Total equivalent units		enter a number of units		enter a number of units

eTextbook and Media

Compute the unit costs of production.

		Materials		Conversion Costs		Total Unit Cost
Unit Costs		$enter a dollar amount		$enter a dollar amount		$enter a total amount

eTextbook and Media

Determine the costs to be assigned to the units transferred out and in process for June.

Transferred out		$enter a dollar amount
Work in process, June 30		$enter a dollar amount

eTextbook and Media

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

a
1
Physical units
Units to be accounted for
Work in process, June 1	0
Started into production	25080
Total units	25080
Units accounted for
Transferred out	22800
Work in process, June 30	2280
Total units	25080
2
	Materials	Conversion Costs
Equivalent units	25080	23712
3
	Materials	Conversion Costs	Total unit cost
Unit costs	9.00	8.00	17.00
4
Transferred out	387600
Work in process, June 30	27816
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	25080
Total units	25080
Units accounted for
Transferred out	22800	22800	22800
Work in process, June 30	2280	2280	912
Total units	25080	25080	23712
Costs		Materials	Conversion Costs	Total
Unit costs:
Total costs		225720	189696	415416
Equivalent units		25080	23712
Unit costs		9.00	8.00	17.00
Costs to be accounted for
Work in process, June 1				0
Started into production				415416
Total costs				415416
Cost Reconciliation Schedule
Costs accounted for
Transferred out				387600	=22800*17
Work in process, June 30
Materials			20520		=2280*9
Conversion costs			7296	27816	=912*8
Total costs				415416