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PIscataway Plastics Company manufactures a highly specialized plastic that is used extensively...

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Accounting

PIscataway Plastics Company manufactures a highly specialized plastic that is used extensively in the automobile industry. The
following data have been compled for the month of June. Conversion activity occurs uniformly throughout the production process.
Work in process, June 1-50,900 units:
Direct material: 100% complete, cost of $187,500
Conversion: 40% complete, cost of
Balance in work in process, June 1
Units started during June
94,00$281,5020,00
Units completed during June and transferred out to finished-goods inventory 210,00
Work in process, June 30 :
Direct material: 100% complete
Conversion: 60% complete
Costs incurred during June:
Direct material
Conversion costs:
Direct labor
Applied manufacturing overhead
Total conversion costs
=$487,50e
$81,800
245,4?
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.
Analysis of physical flow of units.
Calculation of equivalent units.
Computation of unit costs.
Analysis of total costs.
Complete this question by entering your answers in the tabs below.
Calculation of equivalent units.
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