Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Jul 2017 My Price 11.00

Rosenthal Company manufactures

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 2014 are presented below.

 

Production Data June

 

Beginning work in process units

  

–0–

Units started into production

  

22,000

Ending work in process units

  

2,000

Percent complete—ending inventory

  

40%

 

 

Materials

  

$198,000

Labor

  

53,600

Overhead

  

112,800

Total

  

$364,400

 

Cost Data

 

 

 

 

 

 

 

 

(c) Materials

 

 

 

$9.00

 

Instructions

(a) Prepare a schedule showing physical units of production.

(b) Determine the equivalent units of production for materials and conversion costs.

CC

$8.00

(c) Compute the unit costs of production.

(d) Transferred

  

(d) Determine the costs to be assigned to the units transferred out and in process for June.

out

$340,000

(e) Prepare a production cost report for the Molding Department for the month of

WIP

$ 24,400

June.

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Jul 2017 10:07 PM My Price 11.00

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