Rosenthal company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the uretha
ne, 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 throughtout each process. Production and cost data for the Molding Department during June 2017 are presented below.Production Data JunBeginning work in process units 0Units started into production 22,000Ending work in process units 2,000Percent complete-ending inventory 40%Cost DataMaterials 198,000Labor 53,600Overhead 112,800Total 364,400Instructionsa) Prepare a schedule showing physical units of productionb) Determine the equivalent units of production for materials and conversion costsc) Compute the unit costs of productiond) Determine the costs to be assigned to the units transferred out and in process for Junee) Prepare a production cost report for the Molding Department for the month of June
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