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 June 1 balance 29,000 Completed and transferred to Finished Goods Materials 145,275 Direct labor 92,500 Overhead 110,000 June 30 balance The June 1 work in process inventory consisted of 4,700 units with $16,040 in materials cost and $12,960 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, 37,200 units were started into production The June 30 work in process inventory consisted of 8,200 units that were 100 complete with respect to materials and 50 complete with respect to conversion 12 What is the cost of materials transferred to finished goods (Round your intermediate calculations to 2 places )

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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
June 1 balance	29,000	Completed and transferred to Finished Goods	?
Materials	145,275
Direct labor	92,500
Overhead	110,000
June 30 balance	?

The June 1 work in process inventory consisted of 4,700 units with $16,040 in materials cost and $12,960 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, 37,200 units were started into production. The June 30 work in process inventory consisted of 8,200 units that were 100% complete with respect to materials and 50% complete with respect to conversion.

12. What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places.)