Blossom Company manufactures bowling balls through two processes: moulding and packaging. In the moulding department, ur
Posted: Thu May 19, 2022 2:29 pm
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, the balls are placed in cartons and sent to the finished goods warehouse. All materials are added at the beginning of each process. Labour and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the moulding department during June 2022 are presented below: Production Data June 0 21,500 Beginning work in process inventory units Units started into production Ending work in process inventory units Percent complete as to conversion-ending inventory Cost Data 1,500 30% Direct materials $182,750 Direct labour 60,000 Manufacturing overhead 93,375
Manufacturing overhead 93,375 Total $336,125 (a) a Your answer is correct. Prepare a schedule showing physical units of production. Units to be accounted for Work in process inventory, June 1
Work in process inventory, June 1 O Started into production 21500 Total units to be accounted for 21500 Units accounted for Completed and transferred out 20000 Work in process inventory, June 30 1500 Total units accounted for 21500
Work in process inventory, June 1 O Started into production 21500 Total units to be accounted for 21500 Units accounted for Completed and transferred out 20000 Work in process inventory, June 30 1500 Total units accounted for 21500
Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Direct Materials Conversion Costs Units completed and transferred out 20000 20000 Work in process inventory, June 30 1500 450 Total equivalent units 21500 20450 Textbook and Media
Calculate the unit production costs. (Round answer to 2 decimal places, e.g. 15.25.) Unit Costs Direct materials $ 182750 Conversion costs $ 153375 Total unit cost $ 336125 e Teythook and Media
Blossom Manufacturing overhead 93,375 Total $336,125 (a) a Your answer is correct. Prepare a schedule showing physical units of production. Units to be accounted for Work in process inventory, June 1
Work in process inventory, June 1 O Started into production 21500 Total units to be accounted for 21500 Units accounted for Completed and transferred out 20000 Work in process inventory, June 30 1500 Total units accounted for 21500
Work in process inventory, June 1 O Started into production 21500 Total units to be accounted for 21500 Units accounted for Completed and transferred out 20000 Work in process inventory, June 30 1500 Total units accounted for 21500
Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Direct Materials Conversion Costs Units completed and transferred out 20000 20000 Work in process inventory, June 30 1500 450 Total equivalent units 21500 20450 Textbook and Media
Calculate the unit production costs. (Round answer to 2 decimal places, e.g. 15.25.) Unit Costs Direct materials $ 182750 Conversion costs $ 153375 Total unit cost $ 336125 e Teythook and Media