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

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 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. The following data pertain to the Vesuvius Tile Company for July. Work in process, July 1 (in units)  …………………………………………………………………………..20,000 Units started during July  ……………………………………………………………………………………..? Total units to account for…………………………………………………………………………………………65,000 Units completed and transferred out during July…………………………………………………………..? Work in process, July 31 (in units)……………………………………………………………………………15,000 Total equivalent units: direct material……………………………………………………………………….65,000 Total equivalent units: conversion……………………………………………………………………………….? Work in process, July 1: direct material………………………………………………………………..$164,400 Work in process, July 1: conversion…………………………………………………………………………….? Costs incurred during July: direct material……………………………………………………………………? Costs incurred during July: conversion…………………………………………………………………….659,400 Work in process, July 1: total cost…………………………………………………………………………..244,200 Total costs incurred during July………………………………………………………………………….1,031,250 Total costs to account for…………………………………………………………………………………..1,275,450 Cost per equivalent unit: direct material……………………………………………………………………….8.25 Cost per equivalent unit: conversion………………………………………………………………………………? Total cost per equivalent unit…………………………………………………………………………………..21.45 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………………………………….79,200 Total cost of July 31 work in process………………………………………………………………………..202,950 : 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. Process Costing and Hybrid Product-Costing Systems 159 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. : Compute the missing amounts, and prepare the firm’s July production report.

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