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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 28,000 Completed and transferred ? Materials 151,215 to Finished Goods Direct labor 96,500 Overhead 114,000 June 30 balance ? The June 1 work in process inventory consisted of 4,300 pounds 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 pounds were started into production. The June 30 work in process inventory consisted of 9,000 pounds that were 100% complete with respect to materials and 50% complete with respect to conversion. Required: What is the cost of materials transferred to finished goods?(Do not round intermediate calculations.) Cost of units transferred to finished goods for material $ 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 balance28,000 Completed and transferred? Materials151,215 to Finished Goods Direct labor96,500 Overhead114,000 June 30 balance? The June 1 work in process inventory consisted of 4,300 pounds 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 pounds were started into production. The June 30 work in process inventory consisted of 9,000 pounds that were 100% complete with respect to materials and 50% complete with respect to conversion. Required:What is the cost of materials transferred to finished goods?(Do not round intermediate calculations.) Cost of units transferred to finished goods for material $
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