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.