Sunland 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 2022 are presented below. Production Data Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory Cost Data Materials Labor Overhead Total $219,780 59,500 125,060 $404,340 June 0 24,420 2,250 40 %

Sunland 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 2022 are presented below. Production Data Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory Cost Data Materials Labor Overhead Total $219,780 59,500 125,060 $404,340 June 0 24,420 2,250 40 %

Name: Determine the costs to be assigned to the units transferred out and i
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Description: Determine the costs to be assigned to the units transferred out and in process for June....Transferred outWork in process, June 30$tA221702250 Sunland Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding De

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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Current Attempt in Progress Ivanhoe 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 2022 are presented below. Production Data June Beginning work in process units Units started into production 0 29,480 Ending work in process units 2,700 Percent complete-ending inventory 40 % Cost Data Materials $280,060 Labor 71.800 165,010 Overhead Total $516,870 Your answer is correct. Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1 Started into production…
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 25,960 Ending work in process units 2,360 Percent complete—ending inventory 40 % Cost Data Materials $233,640 Labor 63,248 Overhead 133,104 Total $429,992 Prepare a production cost report for the Molding Department for the month of June. ROSENTHAL COMPANYMolding DepartmentProduction Cost…
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 Determine the costs to be assigned to the units transferred out and in process for June. Transferred out $enter a dollar amount Work in…
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 25,960 Ending work in process units 2,360 Percent complete—ending inventory 40 % Cost Data Materials $233,640 Labor 63,248 Overhead 133,104     Total $429,992 (a) Prepare a schedule showing physical units of production. Physical units Units to be accounted for    Work in…
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The Bottling department of Soft Drink Company has the following production and manufacturing cost data for June 2022. All materials are added at the beginning of the process. Manufacturing Costs Beginning work in process Materials Conversion Costs Total Cost of beginning work in process Cost Incurred During Production in June Materials Labor Overhead Total cost incurred during production in June Production Data Beginning work in process Units started Units transferred out Ending work in process 17,500 units 48,500 53,000 9,500 1/5 complete $22,000 16,250 $38,250 202,000 71,125 59875 $333,000 Prepare a production cost report for The Bottling department for the month of June?