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Seved Connect HW: Chapter 4 3 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 1-50,000 units Direct material: 100% complete, cost of $132,500 92,200 Conversion: 40% complete, cost of Balance in vork in process, June 1 $224,700 Units started during June 200,000 210,000 Unita completed during June and transferred out to finished-goods inventory Work in process, June 301 Direct material: 100% complete Conversion: 60% complete Coets incurred during Janes Direct material $492,500 Conversion costs: Direct labor Applied manufacturing overhead $82,250 246,750 $329,000 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 3 Required 4 Analysis of physical flow of units. Physical Units Units started during June Work in process, June 1 Total units to account for Units completed and transferred out during June Work in process, June 30 Total units accounted for 10 points eBook D] Print References Mc Graw H 200.000 50.000 250.000 60.000 100.000 250,000
3 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 1-50,000 units: Direct material: 100% complete, cost of Conversion: 40% complete, cost of $132,500 92,200 $224,700 Balance in work in process, June 11 Units started during June 200,000 210,000 Units completed during June and transferred out to finished-goods inventory Work in process, June 301 Direct material: 100% complete Conversion: 60% complete Costs incurred during June Direct material $492,500 Conversion costs Direct labor $82,250 246,750 Applied manufacturing overhead Total conversion costs $329,000 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 Requird 2 Required 3 Required 4 Calculation of equivalent units Physical Units 50,000 200.000 Total units accounted for 250,000 Total equivalent units 10 points eBook Print References Mc Graw MIR (Required 1 Equivalent Units Direct Material Conversion 0 0 Required 3 >
3 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 1-50,000 units: Direct material: 100% complete, cost of $132,500 92,200 Conversion: 40% complete, cost of Balance in work in process, June 1 $224,700 200,000 Units started during June 210,000 Units completed during June and transferred out to finished-goods inventory Work in process, June 301 Direct material: 100% complete Conversion: 60% complete Costs incurred during June: Direct material $492,500 Conversion costs: Direct labor Applied manufacturing overhead $ 82,250 246,750 $329,000 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 3 Required 4 Computation of unit costs. (Round "Cost per equivalent unit to 2 decimal places) Direct Material Conversion Total 0 Total costs to account for Equivalent units Costs per equivalent unit 10 points eBook Print References Mc Graw Hi S OS Required 2 $ 05 3 0 0 0 0.00 Bequired &
3 10 points Book Prin References Direct material: 100% complete, cost of Conversion: 401 complete, cost of $132,500 92,200 $224,700 Balance in work in process, June 11 200,000 Units started during June 210,000 Units completed during Jane and transferred out to finished-goods inventory Work in process, June 30: Direct naterial: 100% complete Conversion: 601 complete Costs incurred during June $492,500 Direct material Conversion costs! Direct labor Applied manufacturing overhead $ 82,250 246,750 $329,000 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 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 transfered Drect material (Ending WIP inventory) Conversion (Ending WIP Inventory) Total costs accounted for < Required 1 Required > $ Total Cost O