80.2K

Verified Solution

Link Copied!

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 147,630 93,500 111,000 Materials Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 4.600 units with $15,000 in materials cost and $13,000 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 37,100 units were started into prodiction. The June 30 work in process'inventory consisted of 8.400 units that were 100% complete with respect to materials and 50% complete with respect to conversion 10. What is the cost of ending work in process inventory for materials? (Round your intermediate calculations to 2 places.) Cost of ending work-in-process inventory for materials 11. What is the cost of ending work in process inventory for conversion? Cost of ending work-in-process inventory for conversion 12. What is the cost of materials transferred to finished goods Cost of materials transferred to finished goods 13. What is the amount of conversion cost transferred to finished goods? Conversion cost transferred to finished goods 15-a. What is the total cost to be accounted for? 15-b. What is the total cost accounted for? a Total cost to be accounted for Total cost accounted for b

Answer & Explanation Solved by verified expert

See Answer