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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):
Work in ProcessMixing Department
Debit Credit
June 1 balance 40,000 Completed and transferred to Finished Goods ?
Materials 131,680
Direct labor 85,500
Overhead 103,000
June 30 balance ?
The June 1 work in process inventory consisted of 5,600 units with $21,270 in materials cost and $18,730 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, 38,100 units were started into production. The June 30 work in process inventory consisted of 9,200 units that were 100% complete with respect to materials and 50% complete with respect to conversion.
2. Prepare the journal entry to record the overhead cost applied to production. (If no entry is required for a transaction/event, select "No journ3. How many units were completed and transferred to finished goods during the period?al entry required" in the first account field.)
4. Compute the equivalent units of production for materials.
5. Compute the equivalent units of production for conversion.
6. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)
7. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.)
8. What is the cost of ending work in process inventory for materials? (Round your intermediate calculations to 2 places.)
9. What is the cost of ending work in process inventory for conversion? (Round your intermediate calculations to 2 places.)
10. 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.)

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