Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

15a) What is the total cost to be accounted for? (Do not round intermediate calculations.) Total cost to be accounted for. ? 15b) What is

image text in transcribed

15a) What is the total cost to be accounted for? (Do not round intermediate calculations.)

Total cost to be accounted for. ?

15b) What is the total cost accounted for? (Do n9t round intermediate calculations)

Total cost accounted for. ?

5 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 for units and costs. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): of 15 ? June 1-balance Materials Direct labour Overhead June 30 balance Work in Process-Mixing Department $ 27,099 Completed and transferred to finished goods 151,100 95,500 113,000 ? ed The June 1 work in process inventory consisted of 4.400 kilograms with $14,100 in materials cost and $12,900 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, 36,900 kilograms were started into production. The June 30 work in process inventory consisted of 8,800 kilograms that were 100% complete with respect to materials and 50% complete with respect to conversion 15-a. What is the total cost to be accounted for? (Do not round intermediate calculations.) Total cost to be accounted for 15-b. What is the total cost accounted for? (Do not round intermediate calculations.) Total cost accounted for

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

11th Canadian edition Volume 2

1119048540, 978-1119048541

Students also viewed these Accounting questions