Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. piscataway plastics company manufactures a highly

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

70.2K

Verified Solution

Question

Accounting

Piscataway Plastics Company manufactures a highly specialized plastic that is used extensively in the automobile Industry. The
following data have been compled for the month of June. Conversion actlvity occurs unlformly throughout the production process.
Work in process, June 1-59,090 units:
Direct material: 109% complete, cost of $187,500
Conversion: 4% complete, cost of
Balance in work in process, June 1
Units started during June
Units completed during June and transferred out to finished-goods inventory
Work in process, June 30:
Direct material: 109% complete
Conversion: 60% complete
Costs incurred during June:
Direct material
Conversion costs:
Direct labor
Applied manufacturing overhead
Total conversion costs
Requlred:
Prepare schedules to accomplish each of the following process-costing steps for the month of June. Use the weighted-average
method of process costing.
Analysis of physical flow of units.
Calculation of equivalent units.
Computation of unit costs.
Analysis of total costs.
Complete this question by entering your answers in the tabs below.
Analysis of total costs. (Round "Cost per equivalent unit" to 2 decimal places.)
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Write 94 as a traditional Chinese numeral Click here to view the Chinese numerals table...

Calculus
Q

New-Project Analysis The Campbell Company is considering adding a robotic paint sprayer to its production line. The...

Finance
Q

On January 1, 2018, Skysong Corp. had 469,000 shares of common stock outstanding. During 2018, it...

Finance
Q

Please describe what "grandfather rights" are? Please describe what slot allocation is and the current airports...

General Management
Q

Which sentence contains transitional words or phrases A Read a non fiction book you should...

Biology
Q

A correlation exists when two variables are related to each other. Of the following,the correlation...

Basic Math
Q

The limit 2 h 4 h is the standard expression defining the derivative of some...

Calculus
Q

Select an item from the 2017 Netflix balance sheet, identify it's valuation policies and explain...

Accounting
Q

please do #2 and #6 Te=15% Use this scenario for problems...

Accounting
Q

Please asap Where are the oldest known Earth rocks found? How old are...

Accounting
Q

Elon Inc. is a solar battery manufacturer. It would like to lease a specialized equipment...

Finance
Q

3. US REPUBLIC CORPORATION BALANCE SHEET, DECEMBER 31,20X3 Assets Cash Accounts receivable Inventory Fixed assets,...

Finance