Journal entry worksheet Record the overhead cost applied to production Note: Enter debits before credits. Transaction General Journal Debit Credit 1 How many units were completed and transferred to finished goods during the period? 4. Required information 4. Compute the equivalent units of production for materials. 5. Required information 5. Compute the equivalent units of production for conversion. 6. Required information 6. For materials, what is the sum of the cost of beginning work in process inventory plus the cost added during the period? 7. Required information 7. For conversion, what is the sum of the cost of beginning work in process inventory plus the cost added during the period? 8. Required information 8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) 9. Required information 9. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) 10. Required information 10. What is the cost of ending work in process inventory for materials? (Do not round intermediate calculations.) 11. Required information 11. What is the cost of ending work in process inventory for conversion? 12. Required information 12. What is the cost of materials transferred to finished goods? (Do not round intermediate calculations.) 13. Required information 13. What is the amount of conversion cost transferred to finished goods? 14. Required information 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.) Record the transfer of costs from Work in Process to Finished Goods . What is the total cost to be accounted for? 15-b. What is the total cost accounted for?

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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 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	28,000		Completed and transferred to Finished Goods	?
Materials	120,000
Direct labor	79,500
Overhead	97,000
June 30 balance	?

The June 1 work in process inventory consisted of 5,000 pounds with $16,000 in materials cost and $12,000 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 50% complete with respect to conversion. During June, 37,500 pounds were started into production. The June 30 work in process inventory consisted of 8,000 pounds that were 100% complete with respect to materials and 40% complete with respect to conversion.