Clopack Company manufactures one product that goes through oneprocessing department called Mixing. All raw materials areintroduced at the start of work in the Mixing Department. Thecompany uses the weighted-average method to account for units andcosts. Its Work in Process T-account for the Mixing Department forJune follows (all forthcoming questions pertain to June): Work inProcessâMixing Department June 1 balance 45,000 Completed andtransferred to Finished Goods ? Materials 140,400 Direct labor89,500 Overhead 107,000 June 30 balance ? The June 1 work inprocess inventory consisted of 6,000 pounds with $24,250 inmaterials cost and $20,750 in conversion cost. The June 1 work inprocess inventory was 100% complete with respect to materials and60% complete with respect to conversion. During June, 38,500 poundswere started into production. The June 30 work in process inventoryconsisted of 10,000 pounds that were 100% complete with respect tomaterials and 50% complete with respect to conversion.
Clopack Company manufactures one product that goes through oneprocessing department called Mixing. All raw materials areintroduced at the start of work in the Mixing Department. Thecompany uses the weighted-average method to account for units andcosts. Its Work in Process T-account for the Mixing Department forJune follows (all forthcoming questions pertain to June): Work inProcessâMixing Department June 1 balance 45,000 Completed andtransferred to Finished Goods ? Materials 140,400 Direct labor89,500 Overhead 107,000 June 30 balance ? The June 1 work inprocess inventory consisted of 6,000 pounds with $24,250 inmaterials cost and $20,750 in conversion cost. The June 1 work inprocess inventory was 100% complete with respect to materials and60% complete with respect to conversion. During June, 38,500 poundswere started into production. The June 30 work in process inventoryconsisted of 10,000 pounds that were 100% complete with respect tomaterials and 50% complete with respect to conversion.
