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Acc650 Module 2 Assignment

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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…...

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