Exercise: 4.1 Work-in-process June 1, Direct material: 100% complete, cost of Conversion: 40% complete, cost of Balance in work-in-process, Junel Units started during June Units completed during June and transferred out to finished goods inventory Work-in-process June 30 Direct material: 100% complete Conversion: 50% complete Costs incurred during June: Direct material 40,000 units 120,000 34,000 154,000 180,000 units 210,000 units 10,000 units Required: Prepare a schedule to accomplish each of the following process-costing steps for the month of June. Use weighted- average process costing. 1. Analysis of physical flow of units 2. Calculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs. 500,000 Conversion costs: Direct labor Applied manufacturing overhead Total conversion costs 90,000 260,000 350,000