Toronto Titanium Corporation manufactures a highly specialized titanium sheathing material that is used extensively in the aircraft industry. The following data have been compiled for the month of June. Conversion activity occurs uniformly throughout the production process.

Work in process, June 140,000 units:
Direct material: 100% complete, cost of	$	160,500
Conversion: 40% complete, cost of		62,600
Balance in work in process, June 1	$	223,100
Units started during June		230,000
Units completed during June and transferred out to finished-goods inventory		200,000
Work in process, June 30:
Direct material: 100% complete
Conversion: 60% complete
Costs incurred during June:
Direct material	$	487,500
Conversion costs:
Direct labor	$	87,200
Applied manufacturing overhead		261,600
Total conversion costs	$	348,800

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.

	Physical Units
Work in process, June 1	40,000
Units started during June	230,000
Total units to account for	270,000
Units completed and transferred out during June	200,000
Work in process, June 30
Total units accounted for	200,000

.

2. Calculation of equivalent units.

		Equivalent Units
	Physical Units	Direct Material	Conversion
Units completed and transferred out during June	200,000	200,000	200,000
Work in process, June 30
Total units accounted for	200,000
Total equivalent units		200,000	200,000

3.

Computation of unit costs. (Round "Cost per equivalent unit" to 2 decimal places.)

	Direct Material	Conversion	Total
Work in process, June 1	$160,500	$62,600	$223,100
Costs incurred during June	487,500	348,800	836,300
			0
Total costs to account for	$648,000	$411,400	$1,059,400
Equivalent units	270,000
Costs per equivalent unit			$0.00

Analysis of total costs. (Round "Cost per equivalent unit" to 2 decimal places.)

	Number of Equivalent Units	Cost per Equivalent Unit	Total Cost
Cost of goods completed and transferred
Direct material (Ending WIP Inventory)
Conversion (Ending WIP Inventory)
Total costs accounted for			$0