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):

Work in ProcessMixing Department

June 1 balance	27,000		Completed and transferred to Finished Goods	?
Materials	154,205
Direct labor	98,500
Overhead	116,000
June 30 balance	?

The June 1 work in process inventory consisted of 4,100 pounds with $14,700 in materials cost and $12,300 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, 36,600 pounds were started into production. The June 30 work in process inventory consisted of 9,400 pounds that were 100% complete with respect to materials and 50% complete with respect to conversion.

1. What is the cost per equivalent unit for conversion?

2. What is the cost of ending work in process inventory for materials?

3. What is the cost of ending work in process inventory for conversion?

4. What is the cost of materials transferred to finished goods?

5. What is the amount of conversion cost transferred to finished goods?

6. Prepare the journal entry to record the transfer of costs from Work in Process or Finished Goods.

7. a) What is the total cost to be accounted for? b) What is the total cost accounted for?