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part 15 Required information [The following information applies to the questions displayed below) Clopack Company manufactures one product that goes through one processing department called
part 15
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): June 1 balance Materials Direct labor Overhead June 30 balance Work in Process Mixing Department 25,000 Completed and transferred to Finished Goods 157,080 99,500 117,290 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 15-a. What is the total cost to be accounted for? 15.b. What is the total cost accounted for? 2 June 1 balance Materials Direct labor Overhead June 30 balance Work in Process Mixing Department 25,000 Completed and transferred to Finished Goods 157,080 99,500 117,800 The June 1 work in process inventory consisted of 4,000 units with $13,020 in materials cost and S11,980 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 15-a. What is the total cost to be accounted for? 15 b. What is the total cost accounted for? Total cost to be accounted for 6 Total cost accounted for Step by Step Solution
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