a.
1.
Physcial units | |
Work in Process Beginning | 2800 |
Started during the period | 48200 |
To account for | 51000 |
Work in Process Beginning | 2800 |
Units started and completed | 44800 |
Units transferred to next department | 47600 |
Ending Work in Process : | 3400 |
Accounted for | 51000 |
2. Equivalent units = Units in Beg WIP x (100% - Completion) + Units started and completed - Ending WIP x Completion
Physcial units | Materials | Conversion | |
Work in Process Beginning | 2800 | ||
Started during the period | 48200 | ||
To account for | 51000 | ||
Work in Process Beginning | 2800 | 280 | 1960 |
Units started and completed | 44800 | 44800 | 44800 |
Units transferred to next department | 47600 | 45080 | 46760 |
Ending Work in Process : | 3400 | 2720 | 680 |
Accounted for | 51000 | ||
Equivalent units | 47800 | 47440 |
3. Cost per Equivalent unit = Cost added/ Equivalent units
Materials | Conversion | Total | |
Cost added during the period | $ 6,69,200 | $ 5,21,840 | $ 11,91,040 |
Equivalent units of Production | 47800 | 47440 | |
Cost per equivalent unit | $ 14.00 | $ 11.00 | $ 25.00 |
4.
Account Titles | Debit | Credit |
Work in Process - Finishing Department | $ 11,90,000 | |
Work in Process - Molding Department | $ 11,90,000 |
Materials | Conversion | Total | |
Units Completed and transferred out | |||
Cost of Beginning Work in Process | $ 33,340 | $ 11,180 | $ 44,520.0 |
Cost of work on Beginning Work in Process | $ 3,920 | $ 21,560 | $ 25,480 |
Total Cost of Beginning WIP | $ 37,260 | $ 32,740 | $ 70,000 |
Units started and completed | 44800 | 44800 | |
Cost per equivalent unit | $ 14.00 | $ 11.00 | |
Cost of units started and completed | $ 6,27,200 | $ 4,92,800 | $ 11,20,000 |
Cost of units transferred out | $ 6,64,460 | $ 5,25,540 | $ 11,90,000 |
5.
Materials | Conversion | Total | |
Ending work in Process Inventory | |||
Equivalent units of Production | 2720 | 680 | |
Cost per equivalent unit | $ 14.00 | $ 11.00 | |
Cost of Ending work in Process Inventory | $ 38,080 | $ 7,480 | $ 45,560 |
As per HOMEWORKLIB RULES, we are suppose to answer 4 sub parts, i have answered 5, so kindly post others separately
Molding Department Finishing Department 2,800 5,000 $ 33, 340 11,180 $ 125,000 15,000 6,000 48,200 3,400...
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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...
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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...
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