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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 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	32,000	Completed and transferred to Finished Goods	?
Materials	141,245
Direct labor	90,500
Overhead	108,000
June 30 balance	?

The June 1 work in process inventory consisted of 4,900 units with $17,380 in materials cost and $14,620 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, 37,400 units were started into production. The June 30 work in process inventory consisted of 7,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion.

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.)

2. Prepare the journal entry to record the overhead cost applied to production.

3. How many units were completed and transferred to finished goods during the period?

4. Compute the equivalent units of production for materials.

5. Compute the equivalent units of production for conversion.

Answer 1

1
	General Journal	Debit	Credit
1	Work in process-Mixing	141245
	Raw materials inventory		141245
2	Work in process-Mixing	90500
	Salaries and wages payable		90500
2
	General Journal	Debit	Credit
	Work in process-Mixing	108000
	Manufacturing Overhead		108000
3
	Units completed and transferred	34500		=4900+37400-7800
4
	Units completed and transferred	34500
	Ending work in process inventory	7800
	Equivalent units of production for materials	42300
5
	Units completed and transferred	34500
	Ending work in process inventory	3900		=7800*50%
	Equivalent units of production for conversion	38400