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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 department called Mixing. 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 All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method to account for units and costs. Its Work In Process T-account for the Mixing weighted-average method to account for units and costs. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): Department for 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 materials cost and 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 was 100% complete with respect to $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 materials and 60% complete with respect to conversion. During June, 37,700 kilograms were started into production. The June 30 work in process inventory consisted of 8,400 kilograms that were 100% complete production. The June 30 work in process inventory consisted of 8,400 kilograms that were 100% complete with respect to materials and 50% complete with respect to conversion. with respect to materials and 50% complete with respect to conversion. 5. Compute the equivalent units of production for conversion. 6. What is the amount of the cost of beginning work in process inventory plus the cost added during the period for materials? Equivalent units of production for conversion Total cost of materials
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