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Prepare the Journal entries to record the raw materials used in production and the direct labor cost incurred. Required information [The following information applies to
Prepare the Journal entries to record the raw materials used in production and the direct labor cost incurred.
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 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 June 1 balance 36,000 Completed and transferred to Finished Goods Materials 122, 440 Direct labor 81,500 Overhead 99,000 June 30 balance The June 1 work in process inventory consisted of 5,200 units with $19,130 in materials cost and $16,870 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with resp to conversion. During June, 37,700 units were started into production. The June 30 work in process inventory consiste 8,400 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 2 Record the raw materials used in production. Note: Enter debits before credits Transaction General Journal Debit Credit 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 Record the direct labor cost incurred. Note: Enter debits before credits General Journal Debit Transaction 2 Credit Step by Step Solution
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