[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 to account for units and costs. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): Work in ProcessMixing Department June 1 balance 25,000 Completed and transferred to Finished Goods ? Materials 157,080 Direct labor 99,500 Overhead 117,000 June 30 balance ? The June 1 work in process inventory consisted of 4,000 pounds with $13,020 in materials cost and $11,980 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, 36,500 pounds were started into production. The June 30 work in process inventory consisted of 9,600 pounds that were 100% complete with respect to materials and 50% complete with respect to conversion. 7.value: 1.00 pointsRequired information 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.) ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 8.value: 1.00 pointsRequired information 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.) ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 9.value: 1.00 pointsRequired information 3. How many units were completed and transferred to finished goods during the period? ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 10.value: 1.00 pointsRequired information 4. Compute the equivalent units of production for materials. ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 11.value: 1.00 pointsRequired information 5. Compute the equivalent units of production for conversion. ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 12.value: 1.00 pointsRequired information 6. For materials, what is the sum of the cost of beginning work in process inventory plus the cost added during the period? ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 13.value: 1.00 pointsRequired information 7. For conversion, what is the sum of the cost of beginning work in process inventory plus the cost added during the period? ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 14.value: 1.00 pointsRequired information 8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 15.value: 1.00 pointsRequired information 9. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 16.value: 1.00 pointsRequired information 10. What is the cost of ending work in process inventory for materials? (Do not round intermediate calculations.) ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 17.value: 1.00 pointsRequired information 11. What is the cost of ending work in process inventory for conversion? (Do not round your intermediate calculations.) ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 18.value: 1.00 pointsRequired information 12. What is the cost of materials transferred to finished goods? (Do not round intermediate calculation.) ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 19.value: 1.00 pointsRequired information 13. What is the amount of conversion cost transferred to finished goods? (Do not round your intermediate calculations.) ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 20.value: 1.00 pointsRequired information 14. Prepare the journal entry to record the transfer of costs from Work in Process to Finished Goods. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) ReferenceseBook & Resources WorksheetLearning Objective: 04-02 Compute the equivalent units of production using the weighted-average method.Learning Objective: 04-05 Prepare a cost reconciliation report. Difficulty: 2 MediumLearning Objective: 04-03 Compute the cost per equivalent unit using the weighted-average method. Learning Objective: 04-01 Record the flow of materials, labor, and overhead through a process costing system.Learning Objective: 04-04 Assign costs to units using the weighted-average method. Check my work 21.value: 1.00 pointsRequired information 15-a. What is the total cost to be accounted for? 15-b. What is the total cost accounted for? ReferenceseBook & Resources