Reference no: EM132509768
Question 1: Preparing a schedule showing physical units of production.
Crane 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 2020 are presented below.
Production Data
June
Beginning work in process units 0
Units started into production 2 6,400
Ending work in process units 2,400
Percent complete-ending inventory 40%
Cost Data
Materials $237,600
Labor 64,320
Overhead 135,360
Total$437,280
Question 2: Prepare a schedule showing physical units of production.
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
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