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	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 pounds 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 pounds were started into production. The June 30 work in process inventory consisted of 7,800 pounds that were 100% complete with respect to materials and 50% complete with respect to conversion.

1

Required:
1.	Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred.

2.	Prepare the journal entry to record the overhead cost applied to production.

3.	How many units were completed and transferred to finished goods during the period?

4.	Compute the equivalent units of production for materials.

5.	Compute the equivalent units of production for conversion.

6.	For materials, what is the sum of the cost of beginning work in process inventory plus the cost added during the period?

7.	For conversion, what is the sum of the cost of beginning work in process inventory plus the cost added during the period?

8.	What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)

9.	What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.)

10.	What is the cost of ending work in process inventory for materials? (Do not round intermediate calculations.)

11.	What is the cost of ending work in process inventory for conversion? (Do not round your intermediate calculations.)

12.	What is the cost of materials transferred to finished goods? (Do not round intermediate calculation.)

13.	What is the amount of conversion cost transferred to finished goods? (Do not round your intermediate calculations.)

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.)

15-a.

What is the total cost to be accounted for? (Do not round intermediate calculations.)

15-b.

What is the total cost accounted for?