1 Required information 15 The Foundational 15 (Algo) (LO4-1, LO4-2, LO4-3, LO4-4, LO4-5] (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) June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department Debit Credit 45,000 140,400 89,500 107,000 Completed and transferred to Finished Goods The June 1 work in process inventory consisted of 6.000 units with $24,250 in materials cost and $20,750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion Foundational 4-15 (Algo) 15-a. What is the total cost to be accounted for? 15-b. What is the total cost accounted for? Total cost to be accounted for b. Total cost accounted for 5 Exercise 4-6 (Algo) Equivalent Units of Production-Weighted-Average Method [LO4-2] Highlands Company uses the weighted average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below: Percent Completed Labor and Tona of Pulp Materials Overhead Work in process, June 1 Work in process, June 30 81,400 87% 216 51,400 154 Started into production during June 301,000 Required: 1. Compute the number of tons of pulp completed and transferred out during June. 2. Compute the equivalent units of production for materials and for labor and overhead for June. Complete this question by entering your answers in the tabs below. Required 1 Required 21 Compute the number of tons of pulp completed and transferred out during June. Tons completed and transfamed out Required 1 Required 2 5 Exercise 4-6 (Algo) Equivalent Units of Production-Weighted-Average Method [LO4-2] Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below. Percent Completed Tons of Pulp Materials Labor and Overhead Work in process, June 1 01,400 875 211 Mork in process, June 30 51,400 416 15 Started into production during June 301,000 Required: 1. Compute the number of tons of pulp completed and transferred out during June. 2. Compute the equivalent units of production for materials and for labor and overhead for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the equivalent units of production for materials and for labor and overhead for June. Equivalent units of production Materials Labor and Overhead