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Required information [The following information applies to the questions displayed below. 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 Process-Mixing Department Debit Credit June 1 balance 28,000 Completed and transferred to Finished Goods Materials Direct labor 94,500 Overhead 112,000 148,905 June 30 balance The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12,980 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, 37,000 units were started into production. The June 30 work in process inventory consisted of 8,600 units that were 100% complete with respect to materials and 50% complete with respect to conversion Required: 1. Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Required: 1. Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the raw materials used in production. Note: Enter debits before credits Transaction General Journal Dobit Credit 1 Record entry Clear entry View general Journal 2. Prepare the journal entry to record the overhead cost applied to production (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the overhead cost applied to production Note Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Debit June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department Cred 28,000 Completed and transferred t 148,905 94,500 112,000 ? The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost an cost. The June 1 work in process inventory was 100% complete with respect to materials and 60 to conversion. During June, 37,000 units were started into production. The June 30 work in proc 8,600 units that were 100% complete with respect to materials and 50% complete with respect t 3. How many units were completed and transferred to finished goods during the period? Completed and transferred out Work in Process-Mixing Departmen Debit Completed and June 1 balance Materials Direct labor Overhead June 30 balance 28,000 148,905 94,500 112,000 ? The June 1 work in process inventory consisted of 4,500 units with $15,020 in ma cost. The June 1 work in process inventory was 100% complete with respect to ma to conversion. During June, 37,000 units were started into production. The June 3 8,600 units that were 100% complete with respect to materials and 50% complete 4. Compute the equivalent units of production for materials. Equivalent units of production for materials Work in Process-Mixin Debit Com June 1 balance Materials Direct labor Overhead June 30 balance 28,000 148,905 94,500 112,000 ? The June 1 work in process inventory consisted of 4,500 units with $- cost. The June 1 work in process inventory was 100% complete with r to conversion. During June, 37,000 units were started into production 8,600 units that were 100% complete with respect to materials and 50 5. Compute the equivalent units of production for conversion. Equivalent units of production Debit June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department Credit 28,000 Completed and transferred to Finis 148,905 94,500 112,000 The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12.95 cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% comp to conversion. During June, 37,000 units were started into production. The June 30 work in process inve 8,600 units that were 100% complete with respect to materials and 50% complete with respect to conve. 6. What is the cost of beginning work in process inventory plus the cost added during the period for materials? Total cost of materials Required information [The following information applies to the questions displayed below.) Clopack Company manufactures one product that goes through one processing department called Mixi. materials are introduced at the start of work in the Mixing Department. The company uses the weighted of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcor pertain to June): Debit June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department Credit 28,000 Completed and transferred to Finishes 148,905 94,500 112,000 The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12,980 cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complet to conversion. During June, 37,000 units were started into production. The June 30 work in process invent 8,600 units that were 100% complete with respect to materials and 50% complete with respect to conversi 7. What is the cost of beginning work in process inventory plus the cost added during the period for conversion? Total cost of conversion Required information (The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes through one processing departm materials are introduced at the start of work in the Mixing Department. The company uses of process costing. Its Work in Process T-account for the Mixing Department for June follo pertain to June): Debit June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department 28,000 Completed and transferre 148,905 94,500 112,000 ? The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost cost. The June 1 work in process inventory was 100% complete with respect to materials and to conversion. During June, 37,000 units were started into production. The June 30 work in 8,600 units that were 100% complete with respect to materials and 50% complete with respe 8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials Required information [The following information applies to the questions displayed below.) Clopack Company manufactures one product that goes through one processing departu materials are introduced at the start of work in the Mixing Department. The company use of process costing. Its Work in Process T-account for the Mixing Department for June fol pertain to June): Work in Process-Mixing Department Debit Completed and transfer June 1 balance Materials Direct labor Overhead June 30 balance 28,000 148,905 94,500 112,000 ? The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials co cost. The June 1 work in process inventory was 100% complete with respect to materials ar to conversion. During June, 37,000 units were started into production. The June 30 work in 8,600 units that were 100% complete with respect to materials and 50% complete with resp 9. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) Cost per equivalent unit goes through one processing department called Mixing. Allra materials are introduced at the start of work in the Mixing Department. The company uses the weighted average of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming que pertain to June): Debit June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department Credit 28,000 Completed and transferred to Finished Goods 148,905 94,500 112,000 ? The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12,980 in conver cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with res to conversion. During June, 37,000 units were started into production. The June 30 work in process inventory consi 8,600 units that were 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? (Round your intermediate calculations to 2 places. Cost of ending work-in-process inventory for materials 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 met of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming question pertain to June) Work in Process-Mixing Department Debit Credit June 1 balance 28,000 Completed and transferred to Finished Goods 148,905 Direct labor 94,500 112,000 June 30 balance The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12,980 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, 37,000 units were started into production. The June 30 work in process inventory consisted 8,600 units that were 100% complete with respect to materials and 50% complete with respect to conversion Materials Overhead 7 11. What is the cost of ending work in process inventory for conversion? (Round your intermediate calculations to 2 places.) Cost of ending work-in-process inventory for conversion manufactures one product that goes through one processing department called Mixing. materials are introduced at the start of work in the Mixing Department. The company uses the weighted-ave of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming pertain to June): Work in Process-Mixing Department Debit Credit June 1 balance 28,000 Materials Completed and transferred to Finished Go 148,905 Direct labor 94,500 Overhead 112,000 June 30 balance The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12,980 in co cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complete wit to conversion. During June, 37,000 units were started into production. The June 30 work in process inventory 8,600 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.) Cost of materials transferred to finished goods Required information [The following information applies to the questions displayed below.) 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 meth of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): Work in Process-Mixing Department Debit Credit June 1 balance 28,000 Completed and transferred to Finished Goods Materials 148,905 Direct labor 94,500 Overhead 112,600 June 30 balance The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12,980 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, 37,000 units were started into production. The June 30 work in process inventory consisted 8,600 units that were 100% complete with respect to materials and 50% complete with respect to conversion 13. What is the amount of conversion cost transferred to finished goods? (Round your intermediate calculations to 2 places.) Conversion cost transferred to finished goods 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.) View transaction list Journal entry worksheet 1 Record the transfer of costs from Work in Process to Finished Goods Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Required information (The following information applies to the questions displayed below.) 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 Process-Mixing Department Debit Credit June 1 balance 28,000 Completed and transferred to Finished Goods Materials 148,905 Direct labor 94,500 Overhead 112,000 June 30 balance The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12,980 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, 37,000 units were started into production. The June 30 work in process inventory consisted of 8,600 units that were 100% complete with respect to materials and 50% complete with respect to conversion 2 15-a. What is the total cost to be accounted for? 15-5. What is the total cost accounted for? a. Total cost to be accounted for b. Total cost accounted for