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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
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 30: Direct material: 100% complete Conversion: 60% complete $214,500 131,400 $345,900 210,000 190,000 Costs incurred during June: Direct material Conversion costs: Direct labor Applied manufacturing overhead Total conversion costs $487,500 $ 83,150 249,450 $332,600 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. 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 Physical Units Total units accounted for < Required 1 Required 2 >
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