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

4-26

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 ………………………………………………………………. $120,000

Conversion: 40% complete, cost of ……………………………………………………………………….. 34,400

Balance in work in process, June 1 ……………………………………………………………………. $154,400

Units started during June …………………………………………………………………………………… 200,000

Units completed during June and transferred out to finished-goods inventory …………… 190,000

Work in process, June 30:

Direct material: 100% complete

Conversion: 60% complete

Costs incurred during June:

Direct material ………………………………………………………………………………………….. $492,500

Conversion costs:

Direct labor ……………………………………………………………………………………………….. $ 87,450

Applied manufacturing overhead …………………………………………………………………… 262,350

Total conversion costs ……………………………………………………………………………….. $349,800

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.