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 June): June 1 balance Work in Process-Mixing Department 27,000 Completed and transferred to Finished Goods 153, 250 97,500 115,000 Materials Direct labor Overhead June 30 balance ? The June 1 work in process inventory consisted of 4,200 units with $14,440 in materials cost and $12,560 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, 36,700 units were started into production. The June 30 work in process inventory consisted of 9,200 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-15 Required: 1. Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Record the raw materials used in production 2 Record the direct labor cost incurred Credit 2. Prepare the journal entry to record the overhead cost applied to production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.). View transaction list Journal entry worksheet Record the overhead cost applied to production Note: Enter debits before credits. Transaction General Journal Debit Credit The June 1 work in process inventory consisted of 4,200 units with $14,440 in materials cost and $12,560 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, 36,700 units were started into production. The June 30 work in process inventory consisted of 9,200 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-4 4. Compute the equivalent units of production for materials. Equivalent units of production for materials Foundational 4-3 3. How many units were completed and transferred to finished goods during the period? Completed and transferred out Foundational 4-5 5. Compute the equivalent units of production for conversion. Equivalent units of production Foundational 4-6 6. What is the cost of beginning work in process inventory plus the cost added during the period for materials? Total cost of materials Foundational 4-7 7. What is the cost of beginning work in process inventory plus the cost added during the period for conversion? Total cost of conversion Foundational 4-8 8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials