Weighted-Average Method Assignment | Top Universities
March 18th, 2020
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 Work in Process-Mixing Department 41,000 Completed and transferred to Finished Goods 134,065 86,500 104,000 Materials Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 5,700 units with $21,780 in materials cost and $19,220 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, 38,200 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 15-a. What is the total cost to be accounted for? 15-b. What is the total cost accounted for? a. b. Total cost to be accounted for Total cost accounted for. Get Accounting Homework Help Today
