STT=9

Problem 5. (1.5 points) ABC 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, WIP, June 1- 50,000 units Direct material: 100% complete Conversion: 40% complete, Balance in Work in process, 1 June 150,000 $ 34,400 $ 184,400 $ 200,000 Units started during June Units completed during June and transferred out to finished goods inventory 190,000 Work in process, June 30 Direct material: 100% complete Conversion cost: 60% complete Cost incurred during June Direct material Conversion cost: Direct labor Applied Manufacturing overhead Total Conversion cost 495500 +ST $ 87,450 $ 262,350 $ 349,800 $ 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 and calculation of equivalent units (0.5 points) 2. Computation of unit costs. (0.5 points) 3. Analysis of total cost (0.5 points)