Required information The Foundational 15 [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 Juney June 1 balance 45,000Completed and transferred to Pinished Goods Materials Direct labor 140,400 89,500 107,000 June 30 balance The June 1 work in process inventory consisted of 6.000 units with $24.250 in materials cost and $20,750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-1 Required information View transaction list 1 Record the raw materials used in production 2 Record the direct labor cost incurred Credit Note: journal entry has been entered Clear entry View general journal Journal entry worksheet Clear entry Journal entry worksheet Record the direct labor cost incurred Note: General Journal Debit Clear entry Journai entry worksheet Record the overhead cost applied to production Transaction General Journal Debit Credit Record entry Clear entry View general journal ti ne roliowing inrormation appies ro tne questions aispiayea Delow 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 Juney 45,000Conpleted and transferred to Finished Goods Materials 140.400 89,500 107,000 Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 6,000 units with $24,250 in materials cost and $20,750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion Foundational 4-3 3 How many units were completed and transferred to finished goods during the period? line ronowing inrormation appies to tne questions aispiayea Delow Clopack Company manufactures one product that goes through one processing department called Mixing. All ravw 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 balanee 45,000 to Pinished Goods Materials Direct labor Overhead June 30 balance 140.400 89,500 107,000 The June 1 work in process inventory consisted of 6,000 units with $24.250 in materials cost and $20750 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, 38,500 units were started into production. The June 30 work in inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion process Foundational 4-4 4. Compute the equivalent units of production for materials ti ne roiowing inrormation appies to tne questions aispiayea below Clopack Company manufactures one product that goes through one processing department called Mixing. All ravw 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 Junel June 1 balance 45,000Completed and transferred 140,400to Pinished Gooda Direct labor 89,500 107,000 June 30 balance The June 1 work in process inventory consisted of 6.000 units with $24,250 in materials cost and $20.750in 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-5 5. Compute the equivalent units of production for conversion ii ne ronowing inrormation appies to tne questions aispiayea Delow. Clopack Company manufactures one product that goes through one processing department called Mixing. All ravw 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 balane 45,000 to Finished Goods Materials Direct labor Overhead June 30 balance 140,400 89,500 107,000 The June 1 work in process inventory consisted of 6,000 units with $24,250 in materials cost and $20,750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-6 6. What is the cost of beginning work in process inventory plus the cost added during the period for materials? cost of materials tine rouowing inrormation appies to tne questions aisprayea pelow. 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 45,000 Completed and transferred to Pinished Goods Materials Direct labor Overhead June 30 balance 140,400 89,500 107,000 The June 1 work in process inventory consisted of 6.000 units with $24,250 in materials cost and $20,750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion Foundational 4-7 7 What is the cost of beginning work in process inventory plus the cost added during the period for conversion? Lune rowowing inrormation appues to tne questions aispayea peiowj 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) Hork in June 1 balance peed and transferred to Pinished Gooda Direct labor overhead June 30 balance 140,400 89,500 107,000 The June 1 work in process inventory consisted of 6.000 units with $24.250 in materials cost and $20,750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and SO% complete with respect to conversion. Foundational 4-8 8. What is the cost per equivalent unit for materials? ( Cost per equivalent unit for materials Round your answer to 2 decimal places.) tine toliowing inrormation appies to tne questions aispiayea peiow/ Clopack Company manufactures one product that goes through one processing department called Mixing. All ravw 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 Juney Work in Process-Mixin 45,000Completed and transferred to Pinished Goods Mater Direct labor Overhead 140,400 89,500 107.00o The June 1 work in process inventory consisted of 6.000 units with $24,250 in materials cost and $20,750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-9 9. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) tine rouowing inrormation appies to tne questions aispiayea beiow. 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 to Finished Goods Materials Direct labor Overhead June 30 balance 140,400 89,500 107 000 The June 1 work in process inventory consisted of 6,000 units with $24.250 in materials cost and $20,750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-10 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 ma l ine ToNowing inrormation appies to tne questions aispiayea 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 45,000 Conpleted and transferred to Pinished Goods Materials Direct labor Overhead June 30 balance 140,400 89,500 107,000 The June 1 work in process inventory consisted of 6,000 units with $24,250 in materials cost and $20,750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-11 11. What is the cost of ending work in process inventory for conversion? (Round your intermediate calculations to 2 places.) line TON0wing knrormation appies to tne questions aispiayea Delow. 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 Junel June 1 balance 45,000 Completed and transferred to Pinished Goods Materials Direct labor Overhead June 30 balance 140,400 89,500 107,000 The June 1 work in process inventory consisted of 6,000 units with $24.250 in materials cost and $20,750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-12 12. What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places.) ost of materials transferred to finished goods l ine roliowing inrormation appies to tne questions aispiayea peiowy 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. ts Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June) leted and transferred to Finished Goods June 1 balance 45,000 140,400 89,500 107,000 Materials Direct labor June 30 balance The June 1 work in process inventory consisted of 6,000 units with $24.250 in materials cost and $20750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 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.) cost transferred to fin Journal entry worksheet Record the transfer of costs from Work in Process to Finished Goods Clear entry Work in P June 1 balance 45,000 to Pinished Goods Materials Direct labor Overhead June 30 balance 140,400 89,500 The June 1 work in process inventory consisted of 6,000 units with $24,250 in materials cost and $20750 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, 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 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? a Total cost to be a ed for for