Required information The Foundational 15 [LO4-1, L04-2, LO4-3, L04-4, 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): June'l balance Work in Process Mixing Department 40,000 Completed and transferred to Finished Goods 125,000 83,500 101.000 Materials Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 5,400 units with $22.220 in materials cost and $17,780 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, 37,900 units were started into production. The June 30 work in process Inventory consisted of 8,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion Foundational 4-13 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 Foundational 4-14 14. Prepare the journal entry to record the transfer of costs from Work in Process to Finished Goods. (If no entry is required transaction/event, select "No journal entry required" in the first account field.) View transaction list 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 Record entry Clear entry View general journal The Foundational 15 (L04-1, LO4-2, L04-3, 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 meth 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 40,000 Completed and transferred to Finished Goods 125,000 83,500 101,000 Materials Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 5,400 units with $22.220 in materials cost and $17,780 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, 37,900 units were started into production. The June 30 work in process inventory consisted o 8,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion Foundational 4-15 15-a. What is the total cost to be accounted for? 15.b. What is the total cost accounted for? Total cost to be accounted for Total cost accounted for