materials - $225,720 Labor - $61,104 Overhead - $128,592 Total - $415,416 Rosent
ID: 2329712 • Letter: M
Question
materials - $225,720
Labor - $61,104
Overhead - $128,592
Total - $415,416
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 Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory 25,080 2,280 40 %Explanation / Answer
Requirement Schedule showing physical units of production Physcial units Units to be accounted for Work in Process , June 1 0 Started in production 25080 Total units 25080 Units accounted for Transferred out 22800 Work in Process, June 30 2280 Total units 25080 Determination of the equivalent units of production for materials and conversion costs Materials Conversion costs Total equivalent units 25080 23712 Computation of unit costs of production Materials Conversion costs Total Unit Cost Unit costs 9 8 17 Determination of cost to be assigned to the units trasnferred and in process for June Transferred out 387600 Work IN process, June 30 27816 Rosenthal Company Molding Department Production cost report For the month ending June 30, 2017 Equivalent units Physcial units Materials Conversion costs Units to be accounted for Work in Process , June 1 0 Started in 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 Costs Materials Conversion costs Total Total Costs 225720 189696 415416 Equivalent units 25080 23712 Unit costs 9 8 17 Cost to be accounted for Work in Process , June 1 0 Started in production 415416 Total costs 415416 Cost Reconciliation Schedule Cost accounted for Transferred out 387600 Work In process, June 30 Materials 20520 Conversion costs 7296 27816 Total costs 415416
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.