The Foundational 15 [LO4-1, LO4-2, LO4-3, LO4-4, LO4-5]

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): Work in Process-Mizing Department June balance 40,000 Completed and transferred to Finished Goods Materials Direct labor Overhead June 30 balance 131,680 85,500 103,000 The June 1 work in process inventory consisted of 5,600 units with $21,270 in materials cost and $18,730 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, 38,100 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