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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
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): June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department Debit Credit 27,000 151,100 Completed and transferred to Finished Goods ? 95,500 113,000 ? The June 1 work in process inventory includes 4,400 units with $14,100 in materials cost and $12,900 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, 36,900 units were started into production. The June 30 work in process inventory consisted of 8,800 units 100% complete with respect to materials and 50% complete with respect to conversion. 10. What is the cost of ending work in process inventory for materials? Note: Round your intermediate calculations to 2 places. Cost of ending work-in-process inventory for materials
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