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 activ- ity occurs uniformly throughout the production process. Work in process, June 1-50,000 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 finished-goods 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 Required: Prepare the Production Report. *********** ********* $120,000 34,400 $154,400 200,000 190,000 $492,500 $ 87,450 262,350 $349,800

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 activ- ity occurs uniformly throughout the production process. Work in process, June 1-50,000 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 finished-goods 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 Required: Prepare the Production Report. *** * $120,000 34,400 $154,400 200,000 190,000 $492,500 $ 87,450 262,350 $349,800

Name: Q3.Piscataway Plastics Company manufactures a highly specialized plas
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Description: Q3.Piscataway Plastics Company manufactures a highly specialized plastic that is used extensively in theautomobile industry. The following data have been compiled for the month of June. Conversion activ.ity occurs uniformly throughout the production

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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