Please help fill out the boxes below, i need this soon if possible, to study. Th
ID: 2331939 • Letter: P
Question
Please help fill out the boxes below, i need this soon if possible, to study. Thank you!
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.
Production Data
June
Cost Data
Prepare a schedule showing physical units of production.
Units to be accounted for
Work in process, June 1
Started into production
Total units
Units accounted for
Transferred out
Work in process, June 30
Total units
eTextbook and Media
Determine the equivalent units of production for materials and conversion costs.
Materials
Conversion Costs
eTextbook and Media
Compute the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.)
Materials
Conversion Costs
Total Unit Cost
$
$
$
eTextbook and Media
Determine the costs to be assigned to the units transferred and in process for June.
$
$
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, 2017
Equivalent Units
Quantities
Physical
Units
Materials
Conversion
Costs
Units to be accounted for
Work in process, June 1
Started into production
Total units
Units accounted for
Transferred out
Work in process, June 30
Total units
Costs
Materials
Conversion
Costs
Total
Unit costs
Total Costs
$
$
$
Equivalent units
Unit costs
$
$
$
Costs to be accounted for
Work in process, June 1
$
Started into production
Total costs
$
Cost Reconciliation Schedule
Costs accounted for
Transferred out
$
Work in process, June 30
Materials
$
Conversion costs
Total costs
$
eTextbook and Media
Production Data
June
Beginning work in process units 0 Units started into production 29,700 Ending work in process units 2,700 Percent complete—ending inventory 40 %Explanation / Answer
Answer:
1
Prepare a schedule showing physical units of production
Physical units
Units to be accounted for
Work in process, June 1
0
Started into production
29700
Total units
29700
Units accounted for
Transferred out
27000
Work in process, June 30
2700
Total units
29700
2
Determine the equivalent units of production for materials and conversion costs.
Materials
Conversion Costs
Total equivalent units
29700
28080
3
Compute the unit costs of production.
Materials
Conversion Costs
Total Unit Cost
Unit Costs
9
8
17
4
Determine the costs to be assigned to the units transferred and in process for June.
Transferred out
459000
Work in process, June 30
32940
5
ROSENTHAL COMPANY
Molding Department
Production Cost Report
For the Month Ended June 30, 2017
Equivalent Units
Quantities
Physical
Conversion
Units
Materials
Costs
Units to be accounted for
Work in process, June 1
0
Started into production
29700
Total units
29700
Units accounted for
Transferred out
27000
27000
27000
Work in process, June 30
2700
2700
1080
Total units
29700
29700
28080
Conversion
Costs
Materials
Costs
Total
Unit costs
Total Costs
267300
224640
491940
Equivalent units
29700
28080
Unit costs
9
8
17
Costs to be accounted for
Work in process, June 1
0
Started into production
491940
Total costs
491940
Cost Reconciliation Schedule
Costs accounted for
Transferred out (27000*17)
459000
Work in process, June 30
Materials (2700*9)
24300
Conversion costs(1080*8)
8640
32940
Total costs
491940
Physical units
Units to be accounted for
Work in process, June 1
0
Started into production
29700
Total units
29700
Units accounted for
Transferred out
27000
Work in process, June 30
2700
Total units
29700
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.