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ac Required Information [The following information applies to the questions displayed below) Clopack Company manufactures one product that goes through one processing department called Mading.
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Required Information [The following information applies to the questions displayed below) Clopack Company manufactures one product that goes through one processing department called Mading. All raw materials are introduced at the start of work in the Mbung 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 June 1 balance 38,00 Completed and transferred to Finished Goods Materials 123, 705 Direct labor 82,500 Overhead 108,eee une se balance The June 1 work in process Inventory consisted of 5,300 units with $20,680 in materials cost and $17,320 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, 37,800 units were started into production. The June 30 work in process inventory consisted of 8.600 units that were 100% complete with respect to materials and 50% complete with respect to conversion 2. Prepare the journal entry to record the overhead cost applied to production. (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 overhead cost applied to production Note: Enter debits before credits Transaction General Journal Debit Credit Record entrs Ceny View generalforsal ) Step by Step Solution
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