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 |
Determine the costs to be assigned to the units transferred out
and in process for June.
Transferred out $
Work in process, June 30 $
Solution
Molding Department | |||
Production cost report | |||
For the Month ended June 30,2017 | |||
Equivalent Units | |||
Quantities | Physical Units | Material | 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 |
Total | |||
Material | Conversion Costs | ||
Unit Costs | |||
Total Cost | $ 225,720.00 | $ 189,696.00 | $ 415,416.00 |
Equivalent Units | 25080 | 23712 | |
Unit Costs | $ 9.00 | $ 8.00 | $ 17.00 |
Cost to be accounted for | |||
Work in process, June 1 | 0 | ||
Started into Production | $ 415,416.00 | ||
Total Cost | $ 415,416.00 | ||
Cost Reconciliation | |||
Costs accounted for | |||
Transferred Out | $ 387,600.00 | ||
Work in process, June 30 | |||
Materials | $ 20,520.00 | ||
Conversion Costs | $ 7,296.00 | $ 27,816.00 | |
Total Costs | $ 415,416.00 |
Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the...
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...
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. June 0...
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. June 0...
Crane 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. June 0...