1. Compute the equivalent units of production for materials and for conversion.

2. For materials, what is the sum of the cost of beginning work in process inventory plus the cost added during the period?

3. What is the cost per equivalent unit for conversion?

4. What is the cost of materials transferred to finished goods?

5. What is the amount of conversion cost transferred to finished goods?

6. Prepare the journal entry to record the transfer of costs from Work in Process to Finished Goods.

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 to account tor units and costs. Its Work in Process l-account tor the Mixing Department for June follows (all forthcoming questions pertain to June): Work in Process-Mixing Department June 1 balance 27,000 Completed and transforred to Finishod Goodo 153,250 97,500 115,000 Materials Direct labor Overhiead June 30 balance The June 1 work in process inventory consisted of 4 ,200 pounds with $14,44U in materials cost and $12,560 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, 36,700 pounds were started into production. The June 30 work in process inventory consisted of 9,200 pounds that were 100% complete with respect to materials and 50% complete with respect to conversion.