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 $ ROSENTHAL COMPANY Molding Department Production Cost Report For the Month Ended June 30, 2017 Equivalent Units Physical Conversion Units Materials Costs Quantities 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 Materials Conversion Costs Total Costs 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 $

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 …

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

Answers

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

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