Answered step by step
Verified Expert Solution
Question
1 Approved Answer
7 Part 7 of 15 3 points Required information [The following information applies to the questions displayed below] Clopack Company manufactures one product that goes
7 Part 7 of 15 3 points Required information [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): eBook Print References June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department Debit Credit 27,000 151,100 Completed and transferred to Finished Goods 95,500 113,000 The June 1 work in process inventory consisted of 4,400 units 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 units were started into production. The June 30 work in process inventory consisted of 8,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 7. What is the cost of beginning work in process inventory plus the cost added during the period for conversion? Total cost of conversion 00 8 Part of 15 3 points Required information (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): Work in Process Mixing Department Debit June 1 balance 27,000 Credit Completed and transferred to Finished Goods P Materials 151,100 Direct labor References Overhead 95,500 113,000 June 30 balance The June 1 work in process inventory consisted of 4,400 units 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 units were started into production. The June 30 work in process inventory consisted of 8,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Cost per equivalent unit for materas Check my wor 9 Part 9 of 15 3 points wook Print Required information (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-Rising Department Debit Credit 27,000 Completed and transferred to Finished Goods 151,100 95,500 113,000 The June 1 work in process inventory consisted of 4,400 units 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 units were started into production. The June 30 work in process inventory consisted. of 8,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 9. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) Cost per equalent unit Help Seve & Exit Submis Check my work 10 3 Part 10 of 15 Required information 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) P References June 1 balance Materials Direct labor Overhead Work In Process Mixing Department Debit 27,000 151,100 Credit Completed and transferred to Finished Goods 95,500 113,000 June 30 balance The June 1 work in process inventory consisted of 4.400 units with $14.300 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 units were started into production. The June 30 work in process inventory consisted of 8,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 10. What is the cost of ending work in process inventory for materials? (Round your intermediate calculations to 2 places.) Cost of ending work-in-process inventory for me Check my work 3 11 Part 1 of Required information [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) P June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-ixing Department Debit Credit Completed and transferred to Finished Goods 27,000 151,100 95,500 113,000 The June 1 work in process inventory consisted of 4,400 units 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 units were started into production. The June 30 work in process inventory consisted of 8.800 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 11. What is the cost of ending work in process inventory for conversion? (Round your intermediate calculations to 2 places.) Cost of ending work-in-process inventory for Check my work 12 Part 12 of 15 3 pom Required information (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): ellook June 1 balance P Materials Direct labor References Overhead June 30 balance Work in Process-Mixing Department Debit 27,000 151,100 Credit Completed and transferred to Finished Goods 95,500 113,000 The June 1 work in process inventory consisted of 4,400 units 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 units were started into production. The June 30 work in process inventory consisted of 8,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 12. What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places.) Cost of matenas transferred to trished goods Check my work 13 3 Part35 Required information (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): book June 1 balance P Materials Referenc Direct labor Overhead June 30 balance work In Process-Rixing Departm Debit 27,000 151,100 95,500 Credit Completed and transferred to Finished Goods The June 1 work in process inventory consisted of 4,400 units with $14,300 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 units were started into production. The June 30 work in process inventory consisted of 8,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion 13. What is the amount of conversion cost transferred to finished goods? (Round your intermediate calculations to 2 places.) Conversion cost and goods Help Save & Exit Submit Check my work 3 14 My way wo pertain to June) Part of P June 1 balance Materials Direct labor Overhead June 30 balance Debit Credit 27,000 151,100 35,500 Completed and transferred to Finished Goods The June 1 work in process inventory consisted of 4,400 units 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 units were started into production. The June 30 work in process inventory consisted of 8,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion 14. Prepare the journal entry to record the transfer of costs from Work in Process to Finished Goods. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the transfer of costs from Work in Process to Finished Goods. Help Save & Exit Submit Check my work 15 Part 15 of 15 3 ponts Required information 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 Moxing 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 eflock Print June 1 balance Materials Direct labor References Overhead June 30 balance Work in Process Mixing Department Debit Credit 27,000 151,100 95,500 113,000 Completed and transferred to Finished Goods The June 1 work in process inventory consisted of 4,400 units 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 units were started into production. The June 30 work in process inventory consisted of 8,800 units 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? 15-b. What is the total cost accounted for? a. Total cost to be accounted for b. Total cost accounted for Check my work
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started