Question
In: Accounting
Required information [The following information applies to the questions displayed below.] Clopack Company manufactures one product...
Required information
[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 | 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.
10. What is the cost of ending work in process inventory for materials?
11. What is the cost of ending work in process inventory for conversion?
12. What is the cost of materials transferred to finished goods?
13. What is the amount of conversion cost transferred to finished goods?
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Required information [The following information applies to the questions displayed below.] Clopack Company manufactures one product...
Required information
[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
32,000
Completed and transferred to Finished Goods
?...
Required information [The following information applies to the questions displayed below.] Clopack Company manufactures one product...
Required information
[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
27,000
Completed and
transferred
to Finished Goods
?...
[The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes...
[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 35,000 Completed and
transferred to Finished Goods ? Materials 120,205...
The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes...
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 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 Process—Mixing Department
June 1
balance
28,000
Completed and
transferred to...
Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product...
Required information [The following information applies to the
questions displayed below.] Diego Company manufactures one product
that is sold for $79 per unit in two geographic regions—the East
and West regions. The following information pertains to the
company’s first year of operations in which it produced 50,000
units and sold 45,000 units. Variable costs per unit:
Manufacturing: Direct materials $ 29 Direct labor $ 16 Variable
manufacturing overhead $ 2 Variable selling and administrative $ 4
Fixed costs per year:...
Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product...
Required information
[The following information applies to the questions
displayed below.]
Diego Company manufactures one product that is sold for $76 per
unit in two geographic regions—the East and West regions. The
following information pertains to the company’s first year of
operations in which it produced 47,000 units and sold 42,000
units.
Variable costs per unit:
Manufacturing:
Direct materials
$
26
Direct labor
$
10
Variable manufacturing overhead
$
2
Variable selling and administrative
$
4
Fixed costs per year:...
Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product...
Required information
[The following information applies to the questions
displayed below.]
Diego Company manufactures one product that is sold for $76 per
unit in two geographic regions—the East and West regions. The
following information pertains to the company’s first year of
operations in which it produced 58,000 units and sold 54,000
units.
Variable costs per unit:
Manufacturing:
Direct materials
$
23
Direct labor
$
15
Variable manufacturing
overhead
$
3
Variable selling and
administrative
$
3
Fixed costs per year:...
Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product...
Required information
[The following information applies to the questions
displayed below.]
Diego Company manufactures one product that is sold for $76 per
unit in two geographic regions—the East and West regions. The
following information pertains to the company’s first year of
operations in which it produced 58,000 units and sold 54,000
units.
Variable costs per unit:
Manufacturing:
Direct materials
$
23
Direct labor
$
15
Variable manufacturing
overhead
$
3
Variable selling and
administrative
$
3
Fixed costs per year:...
Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product...
Required information
[The following information applies to the questions
displayed below.]
Diego Company manufactures one product that is sold for $71 per
unit in two geographic regions—the East and West regions. The
following information pertains to the company’s first year of
operations in which it produced 42,000 units and sold 37,000
units.
Variable costs per unit:
Manufacturing:
Direct materials
$
21
Direct labor
$
12
Variable manufacturing
overhead
$
3
Variable selling and
administrative
$
5
Fixed costs per year:...
[The following information applies to the questions displayed below.] Diego Company manufactures one product that is...
[The following information applies to the questions
displayed below.]
Diego Company manufactures one product that is sold for $75 per
unit in two geographic regions—the East and West regions. The
following information pertains to the company’s first year of
operations in which it produced 57,000 units and sold 52,000
units.
Variable
costs per unit:
Manufacturing:
Direct
materials
$
25
Direct labor
$
18
Variable
manufacturing overhead
$
3
Variable selling
and administrative
$
5
Fixed...
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