Required inrormatlon [The following Information applies to the questions displayed below] Clopack Company manufactures one product that goes through one processing department called Mixing. All
Required inrormatlon [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 or work In the Mixing Department The company uses the weightedaverage method to account for units and costs Its Work In Process Taccount for the Mixing Department for June follows (all forthcoming questions pertain to June): Hark in ProcessHiring Depart-eat June 1Dalance 5 36.600 Completed and transferred to finished goods .' Materials 122,448 Direct labour 81,560 Overhead 99.098 June Mhalance P The June 1 work In process inventory consisted of 5,200 kilograms with $19,130 In materials cost and $16,870 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, 37,700 kilograms were started Into production. The June 30 work In process Inventory consisted of 8,400 kilograms that were 100% complete with respect to materials and 50% complete with respect to conversion. 7. What Is the amount of the cost of beginning work In process Inventory plus the cost added during the period for conversion? Required information [T he following Information applies to the questions displayed below] Clopack Company manufactures one product that goes through one processing department called Mlxlnge All raw materials are Introduced at the start of work In the Mixing Department. The company uses the weighted-average method to account for units and costs. Its work In Proces Taccount tor the Mixing Department for June follows (all forthcoming questions pertain to June): Hark in Process-Mild\" Depart-em: June lbalance s 36,069Coriivleted and transferred to nished goods .' Materials 122,443 irect labour 1,509 Overhead 99.009 June 36-halance 2 The June 1 work In process inventory consisted of 5,200 kilograms with $19,130 in materials cost and $6,870 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, 37,700 kilograms were started Into production. The June 30 work in process Inventory consisted of 8,400 kilograms that were 100% complete with respect to materials and 5096 complete with respect to conversion. 3. What IS the cost per equivalent IJI'HI I'OI' materials? (Round your answer W 2 decimal places.)
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