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Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introd start of work in the Mixing Department.
Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introd 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): Work in Process-Mixing Department June 1 balance 32,000 Completed and transferred to Finished Goods Materials 141,245 Direct labor 90,500 Overhead 108,000 June 30 balance ? The June 1 work in process inventory consisted of 4,900 units with $17,380 in materials cost and $14,620 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, 37,400 units were started into production. The June 30 work in process inventory consisted of 7,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-4 4. Compute the equivalent units of production for materials. Equivalent units of production for materials Foundational 4-5 5. Compute the equivalent units of production for conversion. Equivalent units of production Foundational 4-6 6. What is the cost of beginning work in process inventory plus the cost added during the period for materials? Total cost of materials Foundational 4-7 7. What is the cost of beginning work in process inventory plus the cost added during the period for conversion? Total cost of conversion
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