osenthal 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 22,000 Ending work in process units 2,000 Percent complete—ending inventory 40 % Cost Data Materials $ 198,000 Labor 53,600 Overhead 112,800 Total $ 364,400 (a) Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1 enter a number of units Started into production enter a number of units Total units enter a total of the two previous amounts Units accounted for Transferred out enter a number of units Work in process, June 30 enter a number of units Total units enter a total of the two previous amounts
osenthal 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 22,000 Ending work in process units 2,000 Percent complete—ending inventory 40 % Cost Data Materials $ 198,000 Labor 53,600 Overhead 112,800 Total $ 364,400 (a) Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1 enter a number of units Started into production enter a number of units Total units enter a total of the two previous amounts Units accounted for Transferred out enter a number of units Work in process, June 30 enter a number of units Total units enter a total of the two previous amounts
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...
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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
|
22,000 | ||
|
Ending work in process units
|
2,000 | ||
|
Percent complete—ending inventory
|
40 | % |
|
Cost Data
|
||
| Materials | $ 198,000 | |
| Labor | 53,600 | |
| Overhead | 112,800 | |
| Total | $ 364,400 |
(a)
Prepare a schedule showing physical units of production.
| Physical units | ||
|---|---|---|
|
Units to be accounted for
|
||
|
Work in process, June 1
|
enter a number of units
|
|
|
Started into production
|
enter a number of units
|
|
|
Total units
|
enter a total of the two previous amounts
|
|
|
|
||
|
Units accounted for
|
||
|
Transferred out
|
enter a number of units
|
|
|
Work in process, June 30
|
enter a number of units
|
|
|
Total units
|
enter a total of the two previous amounts
|
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