Reference no: EM132986157

Question - Kasten Company manufactures bowling balls through two processes; moulding and packaging. In the moulding department, Urethane, rubber, plastic and other materials are moulded into bowling balls. In the packaging department, Balls are paced in cartons and sent to the finished good warehouse. All materials are entered at the beginning of each process.

Labour and manufacturing overhead are incurred uniformly throughout each process. production and cost data for the molding department during June of 2020 are presented below.

production data June

Beginning work in process Units 0

Unit started into production 22000

Ending work in process units 2000

Percent complete - ending inventory 40%

Cost data

materials $198000

labour 53600

overhead 112800

total 364400

Required -

A. Prepare a schedule showing physical units of production.

B. Determine the equivalent units of production for materials and conversion costs.

C. Calculate the unit cost of production.

D. Determine the cost to be assigned to the units transferred out and in process of June.

E. Prepare a production cost report for the molding department for the month of June.