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Required information [The following information applies to the questions displayed below.) Clopack Company manufactures one p
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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
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