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Costs: Work in process, April 1 Direct materials: 100% complete
$100,000 Conversion costs: 20% complete 70,000 Cost of work in
process, April 1 $170,000 Costs incurred during production in April
Direct materials $ 800,000 Conversion costs 365,000 Costs incurred in
April $1,165,000
Units transferred out totaled 17,000. Ending work in process was
1,000 units that are 100% complete as to materials and 40% complete
as to conversion costs.
Instructions
(a) Compute the equivalent units of production for (1) materials and
(2) conversion costs for the month of April.
(b) Compute the unit costs for the month.
(c) Determine the costs to be assigned to the units transferred out and
in ending work in process.
P3-2A
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 begin-ning of each process. Labor and manufacturing
overhead are incurred uniformly through-out each process.
Production and cost data for the Molding Department during June
2017 are presented below.
Instructions
(a) Prepare a schedule showing physical units of production.