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part 12 part 13 Required information [The following information applies to the questions displayed below) Clopack Company manufactures one product that goes through one processing
part 12
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 June 1 balance 25,000 Completed and transferred to Finished Goods Materials 157,080 Direct labor 99,500 Overhead June 30 balance 117.000 The June 1 work in process inventory consisted of 4,000 units with $13,020 in materials cost and $11.980 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, 36,500 units were started into production. The June 30 work in process inventory consisted of 9.600 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 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 Completed and transferred to Finished Goods June 1 balance Materials Direct labor Overhead June 30 balance 25,000 157,080 99,500 117,000 The June 1 work in process inventory consisted of 4,000 units with $13,020 in materials cost and $11,980 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, 36,500 units were started into production The June 30 work in process inventory consisted of 9.600 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 part 13
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