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Required Information Required Information [The following Information applies to the questions displayed below.] [The following information applies to the questions displayed below.] Clopack Company manufactures
Required Information Required Information [The following Information applies to the questions displayed below.] [The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes through one processing 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 department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method to account for Mixing Department. The company uses the weighted-average method to account for units and costs. Its Work in Process T-account for the Mixing Department for June units and costs. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): follows (all forthcoming questions pertain to June): Work in Process-Mixing Department Work in Process-Mixing Department June 1-balance $ 36, 000 Completed and transferred to finished goods June 1-balance $ 36, 000 Completed and transferred to finished goods Materials 122, 440 Materials 122, 440 Direct labour 81, 500 Direct labour 81, 500 Overhead 99, 000 Overhead 99, 000 June 30-balance June 30-balance ? The June 1 work in process inventory consisted of 5,200 kilograms with $19,130 in The June 1 work in process inventory consisted of 5,200 kilograms with $19,130 in materials cost and $16,870 in conversion cost. The June 1 work In process inventory 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 respect to conversion. During June, 37,700 kilograms were started into production. The June 30 was 100% complete with respect to materials and 60% complete with respect to work in process inventory consisted of 8,400 kilograms that were 100% complete with conversion. During June, 37,700 kilograms were started into production. The June 30 respect to materials and 50% complete with respect to conversion. work in process inventory consisted of 8,400 kilograms that were 100% complete with respect to materials and 50% complete with respect to conversion. 8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) 9. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials 1.92 x Cost per equivalent unit for conversion $ 38,700.00 X
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