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Chapter 6 Cor 1 The following information applies to the questions displayed below! Clopack Company manufactures one product that goes through one processing department called
Chapter 6 Cor 1 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 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): Part 1 of 2 2 point June 1-balance Work in Processing Department 35,000 Completed and transferred to Finished Goods 120,205 80,500 98,000 Materials Direct labour Overhead June 3-balance ? The June 1 work in process inventory consisted of 5100 pounds with $18.570 in materials cost and $16,430 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 37.600 pounds were started into production. The June 30 work in process inventory consisted of 8.200 pounds that were 100% complete with respect to materials and 50% complete with respect to conversion 3. How many units were completed and transferred to finished goods during the period? Units comted and transferred to finished goods MK 1 2 of 5 Next > Type here to search o IT E a 99
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