0 Required information The Foundational 15 (Static) (LO4-1, LO4-2, LO4-3, L04-4, L04-5) [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 June 1 balance 28,000 Completed and transferred to Finished Goods Materials 120,000 Direct labor 79,500 Overhead 97,000 June 30 balance The June 1 work in process inventory consisted of 5,000 units with $16,000 in materials cost and $12,000 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 50% complete with respect to conversion. During June, 37,500 units were started into production. The June 30 work in process inventory consisted of 8,000 units that were 100% complete with respect to materials and 40% complete with respect to conversion Foundational 4-14 (Static) 14. Prepare the journal entry to record the transfer of costs from Work in Process to Finished Goods (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View Journal entry worksheet No Transaction General Journal Debit Credit 1 Finished goods 282.900 14. Prepare the journal entry to record the transfer of costs from Work in Process to Finished Goods. (It no entry is transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet