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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
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): ook rint Work in Process-Mixing Department Debit Credit June 1 balance 28,000 Completed and transferred to Finished Goods Materials 151,215 rences Direct labor Overhead 96,500 114,000 June 30 balance The June 1 work in process inventory consisted of 4,300 units with $15,240 in materials cost and $12.760 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. 36,800 units were started into production. The June 30 work in process inventory consisted of 9,000 units 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? Completed and transfected out 4. Compute the equivalent units of production for materials. Equivalent units of production for materials 5. Compute the equivalent units of production for conversion. Equivalent units of production 8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials 10. What is the cost of ending work in process inventory for materials? (Round your intermediate calculations to 2 places.) Costel onding work in process inventory for materials
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