Grand acc650 module 2 assignment

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.Problem 4-27

Problem 4–27

Missing
Data; Production

Report;
Weighted-Average

(LO 4, 5, 6)

Cost remaining in ending

work-in-process inventory,

direct material: $123,750

Total cost of July 31 work in

process: $202,950

The following
data pertain to the Vesuvius Tile Company for July.

Additional Information:

a. Direct material is added at the
beginning of the production process, and conversion activity occurs

uniformly throughout the process.
b. The company uses weighted-average
process costing.
c. The July 1 work in process was 30
percent complete as to conversion.
d.The July 31 work in process was
40 percent complete as to conversion.