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P16.2A (LO 3, 4), AP Rosenthal Company manufactures bowling balls through two processes: Mold- ing 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 man- ufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2022 are presented below. Production Data Beginning work in process units Units started into production Ending work in process units Percent complete ending inventory Materials Labor Overhead Total Cost Data June -0- 22,000 2,000 40% $198,000 53,600 112,800 $364,400 Instructions a. Prepare a schedule showing physical units of production. b. Determine the equivalent units of production for materials and conversion costs. c. Compute the unit costs of production. d. Determine the costs to be assigned to the units transferred out and in process for June. e. Prepare a production cost report for the Molding Department for the month of June.

P16.2A (LO 3, 4), AP Rosenthal Company manufactures bowling balls through two processes: Mold- ing 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 man- ufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2022 are presented below. Production Data Beginning work in process units Units started into production Ending work in process units Percent complete ending inventory Materials Labor Overhead Total Cost Data June -0- 22,000 2,000 40% $198,000 53,600 112,800 $364,400 Instructions a. Prepare a schedule showing physical units of production. b. Determine the equivalent units of production for materials and conversion costs. c. Compute the unit costs of production. d. Determine the costs to be assigned to the units transferred out and in process for June. e. Prepare a production cost report for the Molding Department for the month of June.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Can you help me with the problem attached? I have included the  blank production reports attached to help with the question. Put together a production report and answer questions a., b., c., and d. 

Thank you.

Units to Account For: From Beginning Work In Process Units started during the period Total Units to Account For Units Accounted For: Completed and transferred out Ending Work in Process Total Units Accounted for Total Equivalent Units Costs to Account For: Beginning Work-in-Process Costs incurred during period Total Costs to Account For: Cost per equivalent unit Cost of Units Completed & transferred out Ending Work In Process Total Costs Accounted For: C:... Production Report Physical Units C... C... C..... Direct Materials Ex... Conversion Costs Ad... Ca.. Total #g... ?
Transcribed Image Text:Units to Account For: From Beginning Work In Process Units started during the period Total Units to Account For Units Accounted For: Completed and transferred out Ending Work in Process Total Units Accounted for Total Equivalent Units Costs to Account For: Beginning Work-in-Process Costs incurred during period Total Costs to Account For: Cost per equivalent unit Cost of Units Completed & transferred out Ending Work In Process Total Costs Accounted For: C:... Production Report Physical Units C... C... C..... Direct Materials Ex... Conversion Costs Ad... Ca.. Total #g... ?
pastdistrict.instructure.com/courses/109826/pages/additional-process-costing-problem?module_item_id=71146 Additional.pdf P16.2A (LO 3, 4), AP Rosenthal Company manufactures bowling balls through two processes: Mold- ing 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 man- ufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2022 are presented below. Production Data Beginning work in process units Units started into production || Ending work in process units Percent complete ending inventory Materials Labor Overhead Total Cost Data Instructions a. Prepare a schedule showing physical units of production. b. Determine the equivalent units of production for materials and conversion costs. c. Compute the unit costs of production. d. Determine the costs to be assigned to the units transferred out and in process for June. e. Prepare a production cost report for the Molding Department for the month of June. 1 C. 1 C..1 C+ June -0- 22,000 2,000 40% **** $198,000 53,600 112,800 $364,400 Ex... Ad... Ca... #g.
Transcribed Image Text:pastdistrict.instructure.com/courses/109826/pages/additional-process-costing-problem?module_item_id=71146 Additional.pdf P16.2A (LO 3, 4), AP Rosenthal Company manufactures bowling balls through two processes: Mold- ing 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 man- ufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2022 are presented below. Production Data Beginning work in process units Units started into production || Ending work in process units Percent complete ending inventory Materials Labor Overhead Total Cost Data Instructions a. Prepare a schedule showing physical units of production. b. Determine the equivalent units of production for materials and conversion costs. c. Compute the unit costs of production. d. Determine the costs to be assigned to the units transferred out and in process for June. e. Prepare a production cost report for the Molding Department for the month of June. 1 C. 1 C..1 C+ June -0- 22,000 2,000 40% **** $198,000 53,600 112,800 $364,400 Ex... Ad... Ca... #g.
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