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7 t 7 of 15 Required information [The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes through
7 t 7 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): ts eBook Print ferences June 1 balance Materials Direct labor Overhead June 30 balance Debit Work in Process-Mixing Department 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
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