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 2017 are presented below Producti Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory 23,100 2,100 40% Materials Labor Overhead s 207,900 56,280 118,440 382,620 Total

Answer 1

Total costs accounted for
Costs of beginning goods in process	0
Costs incurred this period	382620
Total costs to account for:	382620
Total costs accounted for	382620
Difference due to rounding cost/unit	0
Units to account for:
Beginning goods in process inventory ­ units	0
Units started this period	23100
Total units to account for	23100
Total units accounted for:
Units completed and transferred out	21000
Ending goods in process ­ units	2100
Total units accounted for	23100
Equivalent units of production (EUP)­ weighted average method
	Units	% Materials	EUP­ Materials	% Conversion	Conversion
Units completed and transferred out	21000	100.00%	21000	100.00%	21000
Ending goods in process ­ units	2100	100.00%	2100	40%	840
Total Units	23100		23100		21840
Cost Per Equivalent unit of Production			Direct Material		Conversion
Costs of beginning goods in process			0		0
Costs incurred this period			207900		174720
Total Costs		Costs	207900	Costs	174720
Equivalent Unit of Production			23100		21840
Cost Per Equivalent unit of Production			9.00		8.00
Total costs accounted for
Cost of Units Transferred out	EUP	Cost Per EUP	Total Cost
Direct Material	21000	9.00	189,000.00
Conversion	21000	8.00	168,000.00
Total Cost Transferred out			357,000.00
Cost of Ending Work in Progress	EUP	Cost Per EUP	Total Cost
Direct Material	2100	9.00	18,900.00
Conversion	840	8.00	6,720.00
Total Cost of Ending Work in Progress			25,620.00
Total Cost accounted for				382620