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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 1-50,000 units: Direct material: 100% complete, cost of Conversion: 40% complete, cost of Units started during June Units completed during June and transferred out to finished-goods inventory Balance in work in process, June 1 Work in process, June 301 Direct material: 100% complete Conversion: 60% complete $182,000 52,600 $234,600 190,000 200,000 Costs incurred during June1 Direct material Conversion costs: Direct labor Applied manufacturing overhead Total conversion costs Required: $490,000 $ 87,650 262,950 $350,600 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. Complete this auction by entering your severe in the take hole
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