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Please answer below questions with the table provided. Required information The following information applies to the questions displayed below) Clopack Company manufactures one product that
Please answer below questions with the table provided.
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 Taccount for the Mixing Department for June follows (all forthcoming questions pertain to June) Work in Process Mixing Department 13,000 Compeed and transcorred to insaned Doods 330, 925 0, 500 106.000 h The June 1 work in process inventory consisted of 5.900 units with $22,770 in materials cost and $20.230 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, 38.400 units were started into production The June 30 work in process inventory consisted of 9,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion June 1 balance Materials Diet labor Overhead June 30 balance of 9800 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.) Cout of ending work in process inventory for matonal 11. What is the cost of ending work in process inventory for conversion? (Round your intermediate calculations to 2 places.) Cont of ending work in process inventory for conversion 12. What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places.) Cost of mais transferred to finished goods 13. What is the amount of conversion cost transferred to finished goods? (Round your intermediate calculations to 2 places.) Conversion cost transferred to Srished goods 14 14. Prepare the journal entry to record the transier or costs irom work in Process to Hisnea Gooos. (Ir no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Part 14 or 15 5.55 points Journal entry worksheet Step by Step Solution
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