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Required information [ The following information applies to the questions displayed below. ] Clopack Company manufactures one product that goes through one processing department called
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 weightedaverage method
of process costing. Its Work in Process Taccount for the Mixing Department for June follows all forthcoming questions
pertain to June:
The June work in process inventory includes units with $ in materials cost and $ in conversion cost.
The June work in process inventory was complete with respect to materials and complete with respect to
conversion. During June, units were started into production. The June work in process inventory consisted of
units complete with respect to materials and complete with respect to conversion.
Questions:
How many units were completed and transferred to finished goods?
Compute the equivalent units of production for materials.
Compute the equivalent units of production for conversion.
What is the cost of beginning work in process inventory plus the cost added during the period for materials?
What is the cost of beginning work in process inventory plus the cost added during the period for conversion?
What is the cost per equivalent unit for materials?
What is the cost per equivalent unit for conversion?
What is the cost of ending work in process inventory for materials?
What is the cost of ending work in process inventory for conversion?
What is the cost of materials transferred to finished goods?
What is the amount of conversion cost transferred to finished goods?
a What is the total cost to be accounted for?
b What is the total cost accounted for?
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