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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	27,000	Completed and transferred to Finished Goods	?
Materials	151,100
Direct labor	95,500
Overhead	113,000
June 30 balance	?

The June 1 work in process inventory consisted of 4,400 units with $14,100 in materials cost and $12,900 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, 36,900 units were started into production. The June 30 work in process inventory consisted of 8,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion.

5. Compute the equivalent units of production for conversion.

6. What is the cost of beginning work in process inventory plus the cost added during the period for materials?

7. What is the cost of beginning work in process inventory plus the cost added during the period for conversion?

8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)

9. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.)

10. What is the cost of ending work in process inventory for materials? (Round your intermediate calculations to 2 places.)

11. What is the cost of ending work in process inventory for conversion? (Round your intermediate calculations to 2 places.)

12. What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places.)

13. What is the amount of conversion cost transferred to finished goods? (Round your intermediate calculations to 2 places.)

14. Prepare the journal entry to record the transfer of costs from Work in Process to Finished Goods. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

15-a. What is the total cost to be accounted for?

15-b. What is the total cost accounted for?

please answer all questions!

Answer 1

Units to account for:
Beginning work in process	4400
Units started this period	36900
Total units to account for	41300
Total units accounted for:
Completed and transferred out	32500
Ending work in process	8800
Total units accounted for	41300

5		Units	% Materials	EUP-Materials	% Conversion	EUP-Conversion
	Units completed and transferred out	32500	100%	32500	100%	32500
	Units of ending work in process	8800	100%	8800	50%	4400
	Equivalent units of production			41300		36900

6&7	Cost per EUP	Materials	Conversion
	Cost of beginning work in process	14100	12900
	Costs added during this period	151100	208500
	Total costs	165200	221400
8&9	Cost per EUP	Materials	Conversion
	Total costs	165200	221400
	÷ Equivalent units of production	41300	36900
	Cost per equivalent unit of production	4.00	6.00
10&11	Costs of ending work in process	Materials	Conversion
	Equivalent units of production	8800	4400
	Cost per equivalent unit of production	4.00	6.00
	Total ending work in process	35200	26400
12&13	Costs transferred to finished goods	Materials	Conversion
	Equivalent units of production	32500	32500
	Cost per equivalent unit of production	4.00	6.00
	Total cost transferred to finished goods	130000	195000

14	Date	Account Titles and Explanation	Debit	Credit
	Jun. 30	Finished goods inventory	325000
		Work in process inventory		325000
		(To record costs transferred to finished goods)

15-a.	Total cost to be accounted for:
	Cost of beginning work in process	27000
	Costs added during this period	359600
	Total cost to be accounted for	386600
15-b.	Total cost accounted for:
	Costs of ending work in process	61600
	Costs transferred to finished goods	325000
	Total cost accounted for	386600

Work in Process-Mixing Department
June 1 balance	27000	Completed and transferred to Finished Goods	325000
Materials	151100
Direct labor	95500
Overhead	113000
June 30 balance	61600