Question

Problem 3-2A (Video) (Part Level Submission)

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		25,740
Ending work in process units		2,340
Percent complete—ending inventory		40	%

Cost Data
Materials		$231,660
Labor		62,712
Overhead		131,976
Total		$426,348

Answer 1

Physical units
Units to be accounted for
Work in process,June 1				0
Started into production				25,740
total units				25,740
units accounted for
transferred out				23,400
Work in process<june 30				2,340
Total units				25,740
			Materials	CC
total Equivalent units			25,740	24336
			Materials	CC	Total
units cost of production			9.00	8.00	17.00
Transferred out				397800
Work in process june 30				28548
Production Cost Report
			physical	Materials	CC
Quantities			units
units to be accounted for
work in process ,june 1			0
Started into production			25,740
total units			25740
units accounted for
Transferred out			23,400	23,400	23,400
Work in process,june 30			2,340	2,340	936
total units			25740	25740	24,336
Costs				Materials	CC	total
unit costs
total costs				231,660	194688	426,348
Equivalent units				25740	24,336
unit costs				9	8	17
Costs to be accounted for
work in process <june 1						0
Started into production						426,348
total costs						426348
Cost Reconcilation Schedule
costs accounted for
Transferred out						397800
Work in process,jue 30
Materials					21060
CC					7488	28548
total costs						426348