Piscataway Plastics Company manufactures a highly specialized plastic that is widely used in the automobile industry. The data below has been compiled for the month of June. The conversion activity occurs uniformly throughout the production process.

Work in progress, June 1—40,000 units:
Direct material: 100% complete, cost	$	155.500
Conversion: 40% complete, cost		25.200
Work balance in progress, June 1	$	180.700
Units started in June		200.000
Units completed in June and transferred to the finished goods inventory		190.000
Work in progress, June 30:
Direct material: 100% complete
Conversion: 60% complete
Expenses incurred during the month of June:
direct material	$	492.500
Conversion costs:
direct labor	$	87.200
Applied overall production load		261.600
Total conversion costs	$	348.800

Necessary:

Prepare charts to perform each of the following process cost steps (for the month of June. Use the weighted average method of process costing.

1. Analysis of the physical flow of units.

2. Calculation of equivalent units.

3. Calculation of unit costs.

4. Analysis of total costs.

Answer rating: 100% (QA)

Analysis of Physical Flow of Units Work in Progress June 1 Units started in June Total Units Account... View the full answer