Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following information applies to the questions displayed bolow] Clopack Company manufactures one product that goes through one processing deparument caled Mbong. 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
Required information [The following information applies to the questions displayed bolow] Clopack Company manufactures one product that goes through one processing deparument caled Mbong. All raw materiain are introduced at the start of work in the Mixang Department. The compary uses the wetghted-aversoge method of process costung its Work in Process T-account for the Mixing Department for June folows fall forthcoming quertorss pertain to June; The June t work in process irventory was 100% complete with respect to materais and 60% complete with respect to conversion. During June, 37,200 units were started into production. The June 30 work in process invertory consasted of 8,200 units 100% complete with respect to matertais and 50% complete with respect to corversion. 8. What is the cost per equivalent unit for matertals? Note: Round your answer to 2 decimal places. Requilred information [The following information applies to the questions assplayed bolow] Clopack Company manufactures one product that goes turough one processing department caled Moding. All raw materials are irtroduced at the start of work in the Maing Deparument. The company uses the wolghtied-average method of process costing. Its Work in Process. T-account for the Moding Department for June folows fall forthcoming quesuons pertain to June): The June i work in process invertory was 100% complete wth respect to materials and 60% complinto witory consicted of 5. Computa the equivalent units of productuon for conversion. Required intormmont [The following information appilos to the quostions displayed below] Clopack Company manufactures one product that goes through one processing department called Mbang. All raw matenals are introduced at the start of work in the Mixang Departmont. The compary uses the welghted-average method of process cocting. Its Work in Process T-account for the Mixing Department for June follows fall forthcorning questions pertain to June): corversion. During June, 37,200 units were started into production. The June 30 work in process inventory conslsted of 8,200 units 1008 complete wh respect to matenals and 50% complate with respect to conversion. 7. What is the cost of beginning work in process invertory plus the cost added during the poriod for conversion? Requared information [The following informavon applies to the questions ifisplayed below] Copack Company manufoctures one product that goes theough one processing department called Mbeng. All raw materials are introduced at the start of work in the Mixang Dopartment The company uses the weighted-average method. of process costung lis Work in Process T-account for the Miding Department for June followi (all forthcoming quections pertain to June) The June 1 work in process inventory was 100% complete wtr respect to materials and 60% complete with respect to comversion. During June, 37,200 units wore started into production. The June 30 wotk in process invertory consicted of 8,200 unts 100% complete whi respect to meterials and 50% complete with respect to corversion. 6. What is the cost of beginning work in process imventory plus the cont added during the period for matestals? Requalred intomatson The following information applilos to the questions alsplayed below] Clopack Company manufactures one product that goes throughi one procossing departmert called Mivdng All raw. matenats ate introduced at the frtart of work in the Maing Department The compary usos the weighted-averago method of process costung its Work in Process T-iccount for the Mising Department for June follows idil forthcoming questions. pertain to Junel conversion. Durting June, 37,200 units were started into production. The June so work in process ins 12. What is the cost of materlals transferred to finished goods? Note Round your intermediate cakculations to 2 places. Required information [The following information applies to the questions displayed below] Copack Company manufactures one product that goos through one processing departunent called Mineng. All raw matenals ate introduced at the start of work in the Mixing Department. The company uses the wolghted-average method of process costung. Its Work in Process T-account for the Muding Department for June follows fall forthcoming quections pertain to June) The June 1 work in process inventory was. 100% complete witucton. The June 30 work in process inventory consisted of conversion. During June, 37,200 units were started into producton. The June 30 complote with rospect to conversion. 3. How many unts were completed and transferted to finished goods? Requitred information [The following information appibos to the questions displayed below] Clopack Company manufactures one product that goos through one procescing department called Mbang. All raw. matenals are introduced at the start of work in the Modng Dopartment. The company usos the weighted-average method of process costing. Its Work in Process T-account for the Mixing Departmont for June follows fall forthcoming questions pertain to Junek The June 1 work in process inventory was 100% complete with respect to materiais and 60% complete wath respect to conversion, During June, 37,200 units were started into production The June 30 work in process irverntory consisted of 8,200 units 100% complete with respect to materlals and 50% complete with respect to conversion. 4. Compute the equivalent units of production for materials. Requiled intormation The followng information appios fo the questions displayed below) Oopack Compary manufactures one product that goes through one processing department called Madne. Ali raw materials are introduced at the start of work in the Mixang Department. The corrosny uses the welghtud average method. of process costing. the Work in Process T-eccount for the Miding Departmera for June follows fall forthcorring questaons pertain to June) conversion. During June, 37,200 unts were started into production. The June 30 work in process imeritory consisted of 8,2,00 units 100% complete with respect to materials and 50% complote whith respect to conversion 11. What is the cost of ending work in process imventory for corversion? Note: Round your intermediate Calculasons to 2 places. Requitred information [The followng information applies to the quostions displayad below] Clopack Company manufactures one product that goes through one processing department called Maxing. All raw matenals 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 Mixang Department for June follows fall forthcoming questions pertain to June): The June 1 work in process inventory was 100% complete with respect to materiak 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 100% complete with respect to materals and 50% complete with respect to conversion. 13. What is the amount of conversion cost transferred to finiched goods? Note: Round your intermediate calculations to 2 places. Pequired informaton [The following informabon applies to the questions displayed below] Clopack Company manifactures one product that goes through cne processing department called Mbang. All raw matertak are introduced at the start of work in the Moeng Departmerk. The company uses the welghted average medhod of process costing its Work in Process T-accourt for the Mixing Department for June follows fall forthicocring questions pertatn to Juner: corversion. During June, 37.200 units wore started into production The June 30 work in process inventory consisted of 8,200 units 100% complete wot respect to materials and 50% complete with respect to conversion 9 What is the cost per equivalent unit for conversion? Note: Round your answer to 2 decimal places. Bequiled information [Tho following thiomation appiles to the questions displayed below] Clopack Company manufactures one product that goes through one processing department called Madng All raw materlals are introduced at the start of work th the Mixing Departsert. The company uses the woighted-avorage method of process costung the Work in Process T-account for the Moding Department for June folowit fall forticoming quections. portain to June). The June i work in process inventory was 100% complete with respect to matestals and 60% complete with respect to conversion. During June, 37,200 unats were started Into production. The June 30 work in process inventory conslased of 8.200 units 700% complete with respect to materals and 50% complete with respect to corverslon. 10. What is the cost of ending work in peocess inventory for materiak? Note Round your intermediate caiculations to 2 places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions