ACC 650

Pr. 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.						


Pr- 4.27
Work in process, July 1 (in units) 						
Units started during July 						
Total units to account for 						
Units completed and transferred out during July 						
Work in process, July 31 (in units) 						
Total equivalent units: direct material 						
Total equivalent units: conversion 						
Work in process, July 1: direct material						
Work in process, July 1: conversion						
Costs incurred during July: direct material						
Costs incurred during July: conversion						
Work in process, July 1: total cost						
Total costs incurred during July						
Total costs to account for						
Cost per equivalent unit: direct material						
Cost per equivalent unit: conversion						
Total cost per equivalent unit						
Cost of goods completed and transfered out during July						
Cost remaining in ending work-in-process inventory: direct material						
Cost remaining in ending work-in-process inventory: conversion						
Total cost of July 31 work in process