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please answer this question? Piscataway Plastics Company manufactures a highly specialized plastic that is used extensively in the automobile industry. The following data have been
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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 of June. Conversion activity occurs uniformly throughout the production process. Work in proc s. June 150.000 units: Direct material: 100% complete cost of ..............................6,255,000 Conversion : 40% complete, cost of ........................ ...99,400 Balance in work in process, June 1 Units started during June ...... .............6,354,400 200,000 Units completed during June and transferred out to flushed-goods inventory ...... 120,000 Work in process, June 30: Direct material: 100% complete Conversion: 60% complete Costs incurred during June: Direct material ..........................................495,000 Conversion costs: Direct labor .................................80,450 Applied manufacturing overhead .........241,350 Total conversion costs ...............321,800 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 costsStep by Step Solution
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