Piscataway Plastics Company Excel Solution

May 23rd, 2016
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Piscataway Plastics Company manulactures 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.

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Piscataway Plastics Company manulactures a highly specialized plastic that is usedextensively in the automobile industry. The following data have been compiled forthe month of June. Conversion activity occurs uniformly throughout the productionprocess.Work in process, June 150,000 units:Direct material: 100% complete cost ofConversion: 40% complete, cost ofBalance in work in process, June 150,000$120,000$34,400$154,400Units started during June200,000Units completed during June and transferred out to finished-goods inventory 190,000Work in process, June 30:Direct material: 100% completeConversion: 60% completeCosts incurred during June:Direct materialConversion costs:Direct laborApplied manufacturing overheadTotal conversion costs$492,500$87,450$262,350$349,800Required: Prepare schedules to accomplish each of the followingprocess-costing steps for the month1. Analysis of physical flow of units.2. Calculation of equivalent units.3. Computation of unit costs.4. Analysis o f t otal c osts.1)Work in Process, June 1Units Started during JunePhysical Units50,000200,000Total Units to Account for250,000Units Completed and Transfererd out

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