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12 R Required information The Foundational 15 [LO4-1, LO4-2, LO4-3, LO4-4, LO4-5] [The following information applies to the questions displayed below.] Part 12 of 15
12 R Required information The Foundational 15 [LO4-1, LO4-2, LO4-3, LO4-4, LO4-5] [The following information applies to the questions displayed below.] Part 12 of 15 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): points Work in Process-Mixing Department une 1 balance 28,000 Completed and transferred Print to Finished Goods Materials Direct labor Overhead June 30 balance 147,630 References 93,500 111,000 The June 1 work in process inventory consisted of 4.600 units with $15,000 in materials cost and $13,000 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 37100 units were started into production. The June 30 work in process inventory consisted of 8,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-12 2. What is the cost the cost of materials transferred to finished goods? st of materials transferred to finished goods
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