Question

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): Work in Process Mixing Department 43,000 Completed and transferred to Finished Goods 138,925 88,500 106,000 June 1 balance Materials Direct labor Overhead June 30 balance 2 The June 1 work in process inventory consisted of 5,900 units with $22,770 in materials cost and $20,230 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with respect to conversion. During June, 38,400 units were started into production. The June 30 work in process inventory consisted of 9,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion

Answer 1

Ans 138,725 88,500 Account Lelles ond_Euklovation (6) DIGIBOL Work In plass Mering Departmenl. Row Materiale Wages Payable Work In Proces - Mixing Department. [ logooo factory Overhead 106,000 3 Beginning Inventory. Warty $ 5,900 picked uut adoleal wirently 38,400 ley_Enol, Inreudoey_Unti - 2800 Units Completed and transferred Out ($_34,500 s Pout 4 and 5 Ports Material i EUP Convogent Perkaulas Uute - Complete Material complete conversion Completed & tranferred $34,500 100% 134,500 looy. 434, Too Out Ending Works, su pascesf_9800 100% 9800 507 4900 Equiolent Units of $443.00 $ 39,400 Peroduction 4. Equivalent Units of Production for Marketials 1444,300B 5. Equrivalent units of production for Conversión 1639,400 lm Part 6 and 7 Part 4

$ 22,776 Part 6 Part 7 Cost Per Egibakend Units of Productón Molexual Converson Cost of Beginning wil $29230 Cost aolded during the month 138,925 194500 Cost of Beinnig Wip Plus Cost Added $164,695 $214,730 Conkiestén cost added dosing the month |06000 +88500 $ 194,500 Total Cost of Materials $ 161,695 7 Total Cost of Conversion $214,730 8 - Cost pese Equivalent Unite of production - Total cost oy' Haderull/ Equiolent Uute of Produckó. Material = $ 161,695 / 44300 = $ 3.65