Problem 16-2A Rosenthal Company manufactures bowling balls through two processes

Question

Problem 16-2A Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Mol other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartons and sent to the finíshed goods ware 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. ding Department, the urethane, rubber, plastics, and Production Data June Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory 22,660 2,060 40% Cost Data Materials Labor Overhead $203,940 55,208 116,184 $375,332 Total Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1

Explanation / Answer

Physical units Units to be accounted for Work in process, June 1 0 Started into production 22660 Total units 22660 Units accounted for Transferred out 20600 Work in process, June 30 2060 Total units 22660 2 Materials Conversion Costs Total equivalent units 22660 21424 3 Materials Conversion Costs Total Unit Cost Unit Costs 9 8 17 4 Transferred out 350200 Work in process, June 30 25132 5 Equivalent Units Physical Units Materials Conversion Costs Units to be accounted for Work in process, June 1 0 Started into production 22660 Total units 22660 Units accounted for Transferred out 20600 20600 20600 Work in process, June 30 2060 2060 824 Total units 22660 22660 21424 Materials Conversion Costs Total Unit costs: Total costs 203940 171392 375332 Equivalent Units 22660 21424 Unit costs 9 8 17 Cost to be accounted for Work in process, June 1 0 Started in production 375332 Total Costs 375332 Cost Reconciliation Schedule Cost Accounted for: Transferred out 350200 Work in process, June 30 Materials 18540 Conversion Costs 6592 25132 Total costs 375332

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