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$)$:

The June $1$ work in process inventory includes $5,000$ units with $$16,000$ in materials cost

and $$12,000$ in conversion cost. The June $1$ work in process inventory was $100\%$

complete with respect to materials and $50\%$ complete with respect to conversion. During

June, $37,500$ units were started into production. The June $30$ work in process inventory

consisted of $8,000$ units $100\%$ complete with respect to materials and $40\%$ complete

with respect to conversion.

What is the cost of materials transferred to finished goods?

Note: Round your intermediate calculations to $2$ places.

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$)$:

The June $1$ work in process inventory includes $5,000$ units with $$16,000$ in materials cost

and $$12,000$ in conversion cost. The June $1$ work in process inventory was $100\%$

complete with respect to materials and $50\%$ complete with respect to conversion. During

June, $37,500$ units were started into production. The June $30$ work in process inventory

consisted of $8,000$ units $100\%$ complete with respect to materials and $40\%$ complete

with respect to conversion.

What is the cost of materials transferred to finished goods?

Note: Round your intermediate calculations to $2$ places.