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): rk in Process-Mixing Department June 1 balance 40,000 Completed and transferred to Finished Goods 128,325 Direct labor Overhead June 30 balance 84,500 102,000 The June 1 work in process inventory consisted of 5,500 units with cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% com to conversion. During June, 38,000 units were starte of 9,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion. $21,750 in materials cost and $18,250 in conversion plete with respect d into production. The June 30 work in process inventory consisted Foundational 4-1 Required 1. Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred. (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 raw materials used in production Foundational 4-7 7. What is the cost of beginning work in process Inventory plus the cost added during the period for conversion? al cost of conversion 8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) unit for Foundational 4-9 9. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal Foundational 4-10 10. What is the cost of ending work in process inventory for materials? (Round your intermediate calculations to 2 Foundational 4-11 11. What is the cost of ending work in process inventory for conversion? (Round your intermediate calculations to 2 place of e Foundational 4-12 12. What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places.) st of materials transferred to finishedg 13, What is the amount of conversion cost transferred to finished goods? (Round your intermediate calculations to 2 plac 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 Foundational 4-15 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 Prev 15 of 15 Next >
