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

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 (units)50,000Direct material: 100% complete cost of120,000Conversion: 40% complete, cost of34,400Balance in work in process, June 1154,400Units started during June200,000Units completed during June and transferred out to finished-goods inventory190,000Work in process, June 30:Direct material: 100% completeConversion: 60% completeCosts incurred during June:Direct material492,500Conversion costs:Direct labor87,450Applied manufacturing overhead262,350Total conversion costs349,800Required:

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.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 (units)50,000Direct material: 100% complete cost of120,000Conversion: 40% complete, cost of34,400Balance in work in process, June 1154,400Units started during June200,000Units completed during June and transferred out to finished-goods inventory190,000Work in process, June 30:Direct material: 100% completeConversion: 60% completeCosts incurred during June:Direct material492,500Conversion costs:Direct labor87,450Applied manufacturing overhead262,350Total conversion costs349,800Required: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.

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