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- 00:12:30 Book Required information The Foundational 15 (Static) (LO5-1, LOS-2, LO5-3, LOS-4, LO5-5) The following information applies to the questions displayed below) Clopack Company

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- 00:12:30 Book Required information The Foundational 15 (Static) (LO5-1, LOS-2, LO5-3, LOS-4, LO5-5) The following information applies to the questions displayed below) Clopack Company manufactures one product that goes through one processing department called Mixing. All row 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 Debit Credit June 1 balance 28,000 Completed and transferred to Finished Goods Materials 120,000 Direct labor 79,500 Overhead 97.000 June a 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 Fleece Foundational 5-15 (Static) 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 account

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