Assignment 3
10/28/2014
Assignment Print View
Score: 100 out of 100 points (100%)
1.
award:
20 out of
20.00
points
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—40,000 units: Direct material: 100% complete, cost of Conversion: 40% complete, cost of Balance in work in process, June 1 Units started during June Units completed during June and transferred out to finishedgoods inventory Work in process, June 30: Direct material: 100% complete Conversion: 60% complete Costs incurred during June: Direct material Conversion costs: Direct labor Applied manufacturing overhead Total conversion costs
$ 6,235,000 149,000
$ 6,384,000
240,000
$
200,000
485,000
$
86,750
260,250
$
347,000
Required:
Prepare schedules to accomplish each of the following processcosting steps for the month of June. Use the weightedaverage method of process costing.
1. Analysis of physical flow of units.
Work in process, June 1 Units started during June Total units to account for Units completed and transferred out during June Work in process, June 30 Total units accounted for
Physical Units
40,000
240,000
280,000
200,000
80,000
280,000
2. Calculation of equivalent units.
http://ezto.mheducation.com/hm_accounting.tpx?todo=printviewSingle
Equivalent Units
1/5
10/28/2014
Assignment Print View
Units completed and transferred out during June Work in process, June 30 Total units accounted for Total equivalent units
Physical Units Direct Material Conversion
200,000 200,000
Assignment Print View
Score: 100 out of 100 points (100%)
1.
award:
20 out of
20.00
points
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—40,000 units: Direct material: 100% complete, cost of Conversion: 40% complete, cost of Balance in work in process, June 1 Units started during June Units completed during June and transferred out to finishedgoods inventory Work in process, June 30: Direct material: 100% complete Conversion: 60% complete Costs incurred during June: Direct material Conversion costs: Direct labor Applied manufacturing overhead Total conversion costs
$ 6,235,000 149,000
$ 6,384,000
240,000
$
200,000
485,000
$
86,750
260,250
$
347,000
Required:
Prepare schedules to accomplish each of the following processcosting steps for the month of June. Use the weightedaverage method of process costing.
1. Analysis of physical flow of units.
Work in process, June 1 Units started during June Total units to account for Units completed and transferred out during June Work in process, June 30 Total units accounted for
Physical Units
40,000
240,000
280,000
200,000
80,000
280,000
2. Calculation of equivalent units.
http://ezto.mheducation.com/hm_accounting.tpx?todo=printviewSingle
Equivalent Units
1/5
10/28/2014
Assignment Print View
Units completed and transferred out during June Work in process, June 30 Total units accounted for Total equivalent units
Physical Units Direct Material Conversion
200,000 200,000