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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 Mixing. All
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 methood of process costing. ts Work in Process Taccount for the Mixing Department for June follows (all forthcoming questions pertain to June): Work in Process-Mixing Department 29, 000 Completed and transferred to Finished Goods June 1 balance Materials Direct labor Overhead June 30 balance 145,275 92,500 110,000 The June 1 work in process inventory consisted of 4,700 units with $16,040 in materials cost and $12,960 in conversion cost. The June 1 workin process inventory was 100% complete with respect to materials and 60% complete with respect to conversion. During June, 37,200 units were started into production. The June 30 work in process inventory consisted of 8,200 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 6. What is the cost of beginning work in process inventory plus the cost added during the period for materials? Total cost of materials 7. What is the cost of beginning work in process inventory plus the cost added during the period for conversion? Total cost of conversion 8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) ost per equivalent unit for materials 9. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) Cost per equivalent unit 10. What is the cost of ending work in process inventory for materials? (Round your intermediate calculations to 2 places.) st of ending work-in-process inventory for materials
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