ProductionData June 112,800 $361,200 Physical Units Kasten Company manufactures

Question

ProductionData

June

112,800

$361,200

Physical Units

Kasten Company manufactures bowling ballsthrough two processes: Molding and Packaging. In the MoldingDepartment, the urethane, rubber, plastics, and other materials aremolded into bowling balls. In the Packaging Department, the ballsare placed in cartons and sent to the finished goods warehouse. Allmaterials are entered at the beginning of each process. Labor andmanufacturing overhead are incurred uniformly throughout eachprocess. Production and cost data for the Molding Department duringJune 2008 are presented below.

ProductionData

June

Beginning work in process units -0-     Units started into production 20,000 Ending work in process units 2,000 Percent complete-ending inventory 60% Cost Data Materials $198,000 Labor 50,400 Overhead

112,800

Total

$361,200

Kasten Company manufactures bowling ballsthrough two processes: Molding and Packaging. In the MoldingDepartment, the urethane, rubber, plastics, and other materials aremolded into bowling balls. In the Packaging Department, the ballsare placed in cartons and sent to the finished goods warehouse. Allmaterials are entered at the beginning of each process. Labor andmanufacturing overhead are incurred uniformly throughout eachprocess. Production and cost data for the Molding Department duringJune 2008 are presented below. Prepare a schedule showing physical units ofproduction. (If answer is zero,please enter 0. Do not leave any fieldsblank.)

Explanation / Answer

Units to be accounted for Work in process, June1                                           0                                       Started intoproduction                                    20,000                                            Totalunits                                           20,000                               Units accounted for Transferred out       20,000 -3,333                                          16,667                                                                                          Work in process, June 1       equivalent units 2000 60%complete       i.e. 2000 x 100 /60                                    3,333                    TotalUnits                                          20,000                                                  TotalUnits                                          20,000                              

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