| Equivalent units | ||
| Material | Conversion | |
| Completed and transferred out (4,500+37,000-8,600) | 32,900 | 32,900 |
| Ending work in process | 8,600 | 4,300 (8,600*50%) |
| Total | 41,500 | 37,200 |
| Material | Conversion | |
| Cost of beginning work in process | $15,020 | $12,980 |
| Cost added during June | 148,905 | 206,500 |
| Total costs | $163,925 | $219,480 |
| Equivalent units | 41,500 | 37,200 |
| Cost per equivalent units | $3.95 | $5.9 |
| Cost to be accounted for: | |
| Beginning work in process | $28,000 |
| Cost added during June | 355,405 |
| Total cost accounted for | $383,405 |
| Cost accounted for: | |
| Completed and transferred out (32,900*$9.85) | 324,065 |
| Ending work in process: | |
| Direct material (8,600*$3.95) | 33,970 |
| Conversion (4,300*$5.9) | 25,370 |
| Total cost accounted for | $383,405 |
Required information [The following information applies to the questions displayed below.) Clopack Company manufactures one product...
Required information (The following information applies to the questions displayed below.) Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): June 1 balance Work in Process-Mixing Department 28,000 Completed and transferred to Finished Goods...
Required information [The following information applies to the questions displayed below.) Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): June 1 balance Work in Process Mixing Department 41,000 Completed and transferred to Finished...
Required information (The following information applies to the questions displayed below.) Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted average method of process costing. Its Work in Process T- account for the Mixing Department for June follows (all forthcoming questions pertain to June): June 1 balance Work in Process-Mixing Department 41,000 Completed and transferred to Finished...
Required information [The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): June 1 balance Work in Process Mixing Department 28,000 Completed and transferred Goods 120,000...
Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): June 1 balance Work in Process-Mixing Department 28,800 Completed and transferred to Finished Goods 148,905 94,500 112,000 Materials Direct labor Overhead June 30 balance The...
Required information The following information applies to the questions displayed below. Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department...
Required information The following information applies to the questions displayed below.) Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): June 1 balance Materials Direct labor Overhead June 30 balance Work in Process ing...
Required information The following information applies to the questions displayed below.) Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department...
Required information The following information applies to the questions displayed below. Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): ? June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing...
Required information The following information applies to the questions displayed below.) Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department...