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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
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 throughout the production process. Work in process, June 1-40,000 units: Direct material: 100% complete, cost of Conversion: 40% complete, cost of Balance in work in process, June 1 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: 60% complete Costs incurred during June: Direct material Conversion costs: Direct labor Applied manufacturing overhead Total conversion costs $233,000 130,000 $363,000 240,000 210,000 $495,000 $ 87,200 261,600 $348,800 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. Calculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs. es Prepare schedules to accomplish each of the following process-costing steps for method of process costing. 1. Analysis of physical flow of units. 2. Calculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Analysis of physical flow of units. Total units to account for Total units accounted for Physical Units Required 1 Required 2 > Required: Prepare schedules to accomplish each of the following process-costing steps for the month of June. Use- method of process costing. 1. Analysis of physical flow of units. 2. Calculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4. Calculation of equivalent units. Total units accounted for Total equivalent units Equivalent Units Physical Units Direct Material Conversion < Required 1 Required 3> Required: Prepare schedules to accomplish each of the following process-costing steps for the month of June- method of process costing. 1. Analysis of physical flow of units. 2. Calculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Computation of unit costs. (Round "Cost per equivalent unit" to 2 decimal places.) Direct Material Conversion Total Total costs to account for Equivalent units Costs per equivalent unit < Required 2 Required 4 > question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Analysis of total costs. (Round "Cost per equivalent unit" to 2 decimal places.) Cost of goods completed and transferred Direct material (Ending WIP Inventory) Conversion (Ending WIP Inventory) Total costs accounted for Units Number of Equivalent Cost per Equivalent Unit Total Cost < Required 3 Required 4>
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