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question 2 part 2 Required information [The following information applies to the questions displayed below) Clopack Company manufactures one product that goes through one processing
question 2
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 Completed and transferred to Finished Goods Materials 157,080 Direct labor Overhead June 30 balance 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 25,000 99,500 117,000 2. Prepare the journal entry to record the overhead cost applied to production (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Journal entry worksheet Record the overhead cost applied to production. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View.general foumal part 2
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