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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 $244,000 108,800 $352,800 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: Costs incurred during June 230,000 190,000 60% complete $485,000 Direct material Conversion costs: Direct labor $85,850 Applied manufacturing overhead 257,550 $343,400 Total conversion costs 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 4 Required 3 Analysis of physical flow of units. Physical Units Total units to account for Total units accounted for Required Required 2 Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 1 Required 2 Calculation of equivalent units. Equivalent Units Direct Material Conversion Physical Units Total units accounted for Total equivalent units Required 1 Required 3 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 Conversion Total Material 0 Total costs to account for Equivalent units Costs per equivalent unit Required 2 > Required 4 Complete this 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.) Number of Equivalent Cost per Equivalent Total Cost Units Unit Cost of goods completed and transferred Direct material (Ending WIP Inventory) Conversion (Ending WIP Inventory) Total costs accounted for Required 4> Required 3
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