Kasten 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 beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2008 are presented below.
Production Data June
Beginning work in process units -0-
Units started into production 20,000
Ending work in process units 2,000
Percent complete-ending inventory 60%

Cost Data
Materials $198,000
Labor 50,400
Overhead 112,800
Total $361,200

Prepare a schedule showing physical units of production. (If answer is zero, please enter 0. Do not leave any fields blank.)
Physical Units
Units to be accounted for
Work in process, June 1

Started into production

Total units


Units accounted for
Transferred out

Work in process, June 30

Total units







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

Conversion costs







Compute the unit costs of production.
Unit cost-Materials $

Unit cost-Conversion costs $

Total unit costs $







Determine the costs to be assigned to the units transferred and in process for June.
Costs accounted for
Transferred out $

Work in process, June 30
Materials $

Conversion costs


Total costs $







Prepare a production cost report for the Molding Department for the month of June. (If answer is zero, please enter 0. Do not leave any fields blank.)
KASTEN COMPANY
Molding Department
Production Cost Report
For The Month Ended June 30, 2008
Equivalent Units
Quantities Physical Units Materials Conversion Costs
Units to be accounted for
Work in process, June 1

Started into production

Total units


Units accounted for
Transferred out



Work in process, June 30



Total units




Costs Materials Conversion Costs Total
Unit costs
Costs in June $
$
$

Equivalent units


Unit costs $
$
$


Cost to be accounted for
Work in process, June 1 $

Started into production

Total costs $


Cost Reconciliation Schedule
Costs accounted for
Transferred out $

Work in process, June 30
Materials $

Conversion costs


Total costs $

Prepare a schedule showing physical units of production