ACC 560 Week 2 Quiz 1 ( Chapter 1 )
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 .
( b ) Determine the equivalent units of production for materials and conversion costs .
( c ) Compute the unit costs of production . ( d ) Transferred out 5340,000 WIP 24,400
( 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 .
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ACC 560 Week 2 Quiz 1 ( Chapter 1 )
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