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The Foundational 15 (Algo) [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
The Foundational 15 (Algo) [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 Materials Direct labor Overhead Work in Process-Mixing Department Debit Credit 28,000 151,215 96,500 114,000 Completed and transferred to Finished Goods June 30 balance The June 1 work in process Inventory consisted of 4,300 units with $15,240 In materials cost and $12.760 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, 36,800 units were started into production. The June 30 work in process inventory consisted of 9,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-13 (Algo) 13. What is the amount of conversion cost transferred to finished goods? (Round your intermediate calculations to 2 places.) Foundational 4-13 (Algo) 13. What is the amount of conversion cost transferred to finished goods? (Round your interm Answer is complete but not entirely correct. Conversion cost transferred to finished goods $ 250,710 Foundational 4-13 (Algo) 13. What is the amount of conversion cost transferred to finished goods? (Round your intermediate calculations to 2 places.) Answer is complete but not entirely correct. Conversion cost transferred to finished goods S 250,710 Foundational 4-12 (Algo) 12. What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places.) Cost of materials transferred to finished goods $ 166,455
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