Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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): June 1 balance Work in Process Mixing Department 41,000 Completed and transferred to Finished Goods 134,065 86,500 104,800 Materials Direct labor 104,800 Overhead June 30 balance The June 1 work in process inventory consisted of 5,700 units with $21.780 in materials cost and $19.220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 3. How many units were completed and transferred to finished goods during the period? Completed and transferred out Required information The following information applies to the questions displayed below.] cession 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): ting og hent June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department 41,000 Completed and transferred to Finished Goods 134.065 86,500 104,000 ? The June 1 work in process inventory consisted of 5,700 units with $21,780 in materials cost and $19.220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 4. Compute the equivalent units of production for materials. Equivalent units of production for materials 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): June 1 balance - Process Mixing Department 41,000 Completed and transferred to Finished Goods 134,065 Materials Direct labor Overhead June 30 balance 104,000 The June 1 work in process inventory consisted of 5,700 units with $21,780 in materials cost and $19.220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion 5. Compute the equivalent units of production for conversion. Equivalent units of production 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): Work June 1 balance in Process-kixing Department 41.000 completed and transferred to Finished Goods 134,065 86.500 104,000 Goods Materials Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 5.700 units with $21,780 in materials cost and $19.220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion cod peddled during the for me 6. What is the cost of beginning work in process inventory plus the cost added during the period for materials? Total cost of materials 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): June 1 balance Work in Process Mixing Department 41,000 Completed and transferred to Finished Goods 86.500 Materials Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 5,700 units with $21,780 in materials cost and $19.220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion 7. What is the cost of beginning work in process inventory plus the cost added during the period for conversion? Total cost of conversion 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 row 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): June 1 balance Work in Process Mixing Department 41,000 Completed and transferred to Finished Goods 134,065 36,500 104.000 Material Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 5,700 units with $21,780 in materials cost and $19.220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units 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) Cost per equivalent unit for materials 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): June 1 balance Work in Process Mixing Department __ 41,000 Completed and transferred to Finished 134,065 86,500 104,000 Materials Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 5,700 units with $21.780 in materials cost and $19.220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion 9. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) Cost per equivalent unit 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): June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department 41,000 Completed and transferred to Finished Goods 134,065 6.500 104.000 ? The June 1 work in process inventory consisted of 5,700 units with $21,780 in materials cost and $19,220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion 10. What is the cost of ending work in process inventory for materials? (Round your intermediate calculations to 2 places. Cost of ending work-in-process inventory for materials 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): June 1 balance Work in Process Mixing Department 41,000 Completed and transferred to Finished Goods 134,065 86.500 104,000 Materials Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 5,700 units with $21,780 in materials cost and $19.220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion 12. What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places.) Cost of materials transferred to finished goods 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): June 1 balance Work in Process-Mixing Department 41,000 | Completed and transferred to Pinished Goods Materials Direct labor Overhead June 30 balance 86,500 104,000 ? The June 1 work in process inventory consisted of 5,700 units with $21.780 in materials cost and $19,220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 15-a. What is the total cost to be accounted for? 15-b. What is the total cost accounted for? a. b. Total cost to be accounted for Total cost accounted for 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): June 1 balance Materials Direct labor Overhead June 30 balance fork in Process Mixing Department 41.000 Completed and transferred to Finished Goods 134,065 86,500 100,000 The June 1 work in process inventory consisted of 5,700 units with $21,780 in materials cost and $19,220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 11. What is the cost of ending work in process inventory for conversion? (Round your intermediate calculations to 2 places.) Cost of ending work-in-process inventory for conversion 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 row 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): Paramanandala June 1 balance Work in Process Mixing Department 41,000 Completed and transferred to Finished Goods 134,065 86,500 104.000 Materials Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 5.700 units with $21.780 in materials cost and $19.220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 13. What is the amount of conversion cost transferred to finished goods? (Round your intermediate calculations to 2 places Conversion cost transferred to finished goods

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis Revised

Authors: Charles T. Horngren, Monte Wynder, William Maguire, Rebecca Tan, Srikant Datar, Lester E. Heitger

1st Australian Edition

1442554770, 978-1442554771

More Books

Students also viewed these Accounting questions

Question

=+d) How many treatments are involved?

Answered: 1 week ago

Question

Do you strive to create a diverse workforce?

Answered: 1 week ago