Question
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 ProcessMixing Department June 1 balance 27,000 Completed and transferred to Finished Goods ? Materials 151,100 Direct labor 95,500 Overhead 113,000 June 30 balance ? The June 1 work in process inventory consisted of 4,400 pounds 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 pounds were started into production. The June 30 work in process inventory consisted of 8,800 pounds that were 100% complete with respect to materials and 50% complete with respect to conversion.
4. Compute the equivalent units of production for materials. 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? 9. What is the cost per equivalent unit for conversion? 10. What is the cost of ending work in process inventory for materials?11. What is the cost of ending work in process inventory for conversion?13. What is the amount of conversion cost transferred to finished goods?
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