Reference no: EM133130862

Question - Bull Corporation manufactures bowling balls through two processes: molding and packaging. In the molding department, urethane, rubber, plastic, 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 0

Units started into production 22,000

Ending work in process units 2,000

Percent complete-ending inventory 40%

Cost data

Materials $198,000

Labor 53,600

Overhead 112,800

Total $364,400

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 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 June.