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-Mixing Department June 1 balance 28,000 Completed and transferred to Finished Goods Materials Direct labor Overhead June 30 balance 148,905 94,500 112,000 The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12,980 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, 37,000 units were started into production. The June 30 work in process inventory consisted of 8,600 units that were 100% complete with respect to materials and 50 % complete with respect to conversion. Foundational 4-3 3. How many units were completed and transferred to finished goods during the period? Completed and transferred out F i Saved Help Sa UI pULes5 CUSUIy- ILs VUIR ntFIULeS5 1-aLcouL IUI Uie IVIA y epaiutieinL IUI JuIe IUUWS (ail IUIUILU y quesuIUIS pertain to June): Work in Process-Mixing Department Completed and transferred to Finished Goods June 1 balance 28,000 2 Materials 148,905 94,500 112,000 Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12,980 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, 37,000 units were started into production. The June 30 work in process inventory consisted of 8,600 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 4-5 5. Compute the equivalent units of production for conversion. Equivalent units of production Prev 5 6 7 Saved Help Ciopack Company manuactures one proauct that goes tnrougn one processSing aepartment caliea 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-Kixing Department June 1 balance 28,000 Completed and transferred to Finished Goods Materials Direct labor 148,905 94,500 112,000 Overhead June 30 balance 7 The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12,980 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, 37,000 units were started into production. The June 30 work in process inventory consisted of 8,600 units that were 100 % complete with respect to materials and 50% complete with respect to conversion. Foundational4-6 6. What is the cost of beginning work in process inventory plus the cost added during the period for materials? Total cost of materials Saved He Ciopack Company manuractures one proauct that goes tnrougn one processing aepartment caliea MIXing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average met of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questio pertain to June): Work in Process-Kixing Department Completed and transferred to Finished Goods June 1 balance 28,000 Materials 148,905 94,500 112,000 Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 4,500 units with $15,020 in materials cost and $12,980 in conversi cost. The June 1 work in process inventory was 100 % complete with respect to materials and 60% complete with resp to conversion. During June, 37,000 units were started into production. The June 30 work in process inventory consist 8,600 units that were 100 % complete with respect to materials and 50% complete with respect to conversion. 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 5:42 The June 1 work in process inventory consisted of 4,500 units with cost. The June 1 work in process inventory was 100% complete wit to conversion. During June, 37,000 units were started into product 8,600 units that were 100% complete with respect to materials anc ces Foundational 4-8 8. What is the cost per equivalent unit for materials? (Round your answe Cost per equivalent unit for materials 10 8 9