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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 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 Process-Mixing Department 2 Completed and transferred to Finished Goods June 1 balance Materials Direct labor Overhead 45,000 140,400 89.500 107,000 June 30 balance ? The June 1 work in process inventory consisted of 6,000 pounds with $24.250 in materials cost and $20.750 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 38,500 pounds were started into production. The June 30 work in process inventory consisted of 10.000 pounds that were 100% complete with respect to materials and 50% complete with respect to conversion Required: What is the amount of 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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