Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Course Content-19 Spring-Sem: Managerial Piscataway Plastics Company manufactures a highly specialized plastic that is used extensively in the automobile industry. The following data have been

image text in transcribed
Course Content-19 Spring-Sem: Managerial Piscataway Plastics Company manufactures a highly specialized plastic that is used extensively in the automobile industry. The following data have been compiled for the month of June. Conversion activity occurs uniformly the production process. throughout Work in process, June 1-60,000 units: Direct material: 100t complete, cost of $319,500 Conversion: 40t complete, cost of 160,800 ss, June 1 $480300 230,000 Balance in work in process, June 1 Units started during June Units completed during June and transferred out to finished-goods 200,000 inventory Work in process, June 30: Direct material: 100t complete conversion: 60% complete Costs incurred during June: Direct material Conversion costs: $492,500 Direct labor Applied manufacturing overhead Total conversion costs 80,450 241,350 $321,800 Required: Prepare schedules to accomplish each of the following process-costing steps for the month of June. Use the weighted average method of process costing 1 Analysis of physical flow of units 2. Caiculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs Complete this question by entering your answers in the tabs below dRequired Required Calculation of equivalent units. Physical Direct Conversion valent units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Financial Analysis In The Hospitality Industry

Authors: Jonathan A. Hales

1st Edition

0750678968, 978-0750678964

More Books

Students also viewed these Accounting questions