Question

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 22,660
Ending work in process units 2,060
Percent complete—ending inventory 40 %
Cost Data
Materials $203,940
Labor 55,208
Overhead 116,184
Total $375,332
Prepare a schedule showing physical units of production.

Answer 1

Answer and Explanation:

The preparation of schedule showing physical units of production is prepared below:-

Rosenthal Company

Physical units of production

For the year June 2020

Units to be accounted for:

Work in process, June 1: -

Started into production 22,660 units

Total units                       22,660

Units to be accounted for:

Transferred out               20,600  (22,600 - 2,060)

Work in process, June 30  2,060 units

Total units                          22,660 units