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Required information The Foundational 15 (Algo) [LO4-1, LO4-2, LO4-3, LO4-4, LO4-5] [The following information applies to the questions displayed below.] Clopack Company manufactures one product
Required information The Foundational 15 (Algo) [LO4-1, LO4-2, LO4-3, LO4-4, LO4-5] [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): The June 1 work in process inventory includes 4,100 units with $14,700 in materials cost and $12,300 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, 36,600 units were started into production. The June 30 work in process inventory consisted of 9,400 units 100% complete with respect to materials and 50% complete with respect to conversion. :oundational 4-1 (Algo) lequired: Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred. lote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the direct labor cost incurred. Note: Enter debits before credits. Journal entry worksheet Record the raw materials used in production. Note: Enter debits before credits
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