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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: $ 83,500 45,000 $128, 500 200,000 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: 190, 000 Direct material: 100t complete Conversion : 60% complete Costs incurred during June: $492, 500 Direct material Conversion costs: 82,250 246, 750 Direct labor Applied manufacturing overhead Total conversion costs 32 9 000 Required Prepare schedules to accomplish each of the following process-cost method of process costing 1. Analysis of physical flow of units. 2. Calculation of equivalent units 3. Computation of unit costs ting steps for the month of June. Use the weighted-average
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