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Chap 5: Comprehensive problem (1 pt) Part 1 of 15 0.06 points eBook Print Saved Required information (The following information applies to the questions
Chap 5: Comprehensive problem (1 pt) Part 1 of 15 0.06 points eBook Print Saved 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-Hixing Department Debit Credit 29,000 Completed and transferred to Finished Goods 145,275 92,500 110,000 References The June 1 work in process inventory consisted of 4,700 units with $16,040 in materials cost and $12,960 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, 37,200 units were started into production. The June 30 work in process inventory consisted of 8,200 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Required: 1. Prepare the journal entries to record the raw materials used in production agd the direct labor cost incurred. (If no entry is required for a transaction/event, select "No journal entry required" in the first accoudt field.) View transaction list Journal entry worksheet < 1 2 Record the raw materials used in production.
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