this is all one question please help Clopack Company manufactures one product that...

60.1K

Verified Solution

Question

Accounting

image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
this is all one question please help
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 Taccount for the Mixing Department for June follows (all forthcoming questions pertain to June) Work in Process-Mixing Department Debit Credit June 1 balance 29,000 Completed and transferred to Finished Goods Materials 145,275 Direct labor 92,500 Overhead 110,000 June 30 balance es The June 1 Work in process inventory consisted of 4 700 units with $16,040 in materials cost and $12.960 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, 37,200 units were started into production The June 30 work in process inventory consisted of 8.200 units that were 100% complete with respect to materials and 50% complete with respect to conversion Required: 1 Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Journal entry worksheet 1 2 > Record the raw materials used in production. Note: Enter debits before credits. Transaction General Journal Debit Credit w Record entry Clear entry View general journal Journal entry worksheet

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students