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): June 1 balance Materials Direct labor Overhead June 30 balance Debit -a. What is the total cost to be accounted for? b. What is the total cost accounted for? Total cost to be accounted for Total cost accounted for Work in Process-Mixing Department The June 1 work in process inventory includes 5,800 units with $22,280 in materials cost and $19,720 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, 38,300 units were started into production. The June 30 work in process inventory consisted of 9,600 units 100% complete with respect to materials and 50% complete with respect to conversion. Credit 42,000 Completed and transferred to Finished Goods 136,480 87,500 105,000

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 1CMA: During December, Krause Chemical Company had the following selected data concerning the manufacture...
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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):
June 1 balance
Materials
Direct labor
Overhead
June 30 balance.
Debit
15-8. What is the total cost to be accounted for?
15-b. What is the total cost accounted for?
a. Total cost to be accounted for
b. Total cost accounted for
Work in Process-Mixing Department
The June 1 work in process inventory includes 5,800 units with $22,280 in materials cost and $19,720 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, 38,300 units were started into production. The June 30 work in process inventory consisted of
9,600 units 100% complete with respect to materials and 50% complete with respect to conversion.
Credit
42,000 Completed and transferred to Finished Goods
136,480
87,500
105,000
Transcribed Image Text: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): June 1 balance Materials Direct labor Overhead June 30 balance. Debit 15-8. What is the total cost to be accounted for? 15-b. What is the total cost accounted for? a. Total cost to be accounted for b. Total cost accounted for Work in Process-Mixing Department The June 1 work in process inventory includes 5,800 units with $22,280 in materials cost and $19,720 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, 38,300 units were started into production. The June 30 work in process inventory consisted of 9,600 units 100% complete with respect to materials and 50% complete with respect to conversion. Credit 42,000 Completed and transferred to Finished Goods 136,480 87,500 105,000
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