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 in Process-Mixing Department June 1 balance 30,000 Completed and transferred to Finished Goods Materials 142,840 Direct labor 91,500 Overhead 109,000 June 30 balance ? The June 1 work in process inventory consisted of 4,800 units with $17,140 in materials cost and $12,860 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, 37,300 units were started into production. The June 30 work in process inventory consisted of 8,000 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.) Cost 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 Cost of ending work-in-process inventory for materiais 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 2. What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places. Cost of materials transferred to finished goods 13. What is the amount of conversion cost transferred to finished goods? (Round your intermediate calculations to 2 place Conversion conferred to finished goods 14. Prepare the journal entry to record the transfer of costs from Work in Process to Finished Goods. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) Journal entry worksheet Record the transfer of costs from Work in Process to Finished Goods Note: Enter debits before credits Transaction General Journal Debit Credit 15-a. What is the total cost to be accounted for? 15-b. What is the total cost accounted for? a. Total cost to be accounted for Total cost accounted for b
