Piscataway Plastics Company manufactures a highly specialized plastic that is used extensively in the automobile industr

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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 process, June 1-40,000 units: Direct material: 100% complete, cost of Conversion: 48% complete, cost of $233,000 130,000 Balance in work in process, June 1 $363,000 Units started during June 240,000 Units completed during June and transferred out to finished-goods inventory 210,000 Work in process, June 30: Direct material: 100% complete Conversion: 60% complete Costs incurred during June: Direct material $495,000 Conversion costs: Direct labor Applied manufacturing overhead $ 87,200 261,600 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. 2. Calculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs.
es Prepare schedules to accomplish each of the following process-costing steps for 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 3 Required 4 Analysis of physical flow of units. Physical Units Total units to account for Total units accounted for Required 1 Required 2 >
Required: Prepare schedules to accomplish each of the following process-costing steps for the month of June. Use 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 3 Required 4 Calculation of equivalent units. Total units accounted for Total equivalent units Equivalent Units Physical Units Direct Material Conversion. Required 3 > < Required 1
Required: Prepare schedules to accomplish each of the following process-costing steps for the month of June- 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 3 Required 4 Computation of unit costs. (Round "Cost per equivalent unit" to 2 decimal places.) Direct Material Conversion Total Total costs to account for Equivalent units Costs per equivalent unit Required 4 > < Required 2
question by Intering your answers in he 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 Units Unit Cost of goods completed and transferred Direct material (Ending WIP Inventory) Conversion (Ending WIP Inventory) Total costs accounted for < Required 3 Required 4 Total Cost