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 nertain to June): The June
1 work in process inventory consisted of 5,800 units with $22 , 280 in matenas 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 that were
100% complete with respect to materials and 50% complete with respect to conversion. 3. What
is the amount of conversion cost transferred to finished goods? (Round your intermediate
calculations to 2 places.) 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): The June 1 work in process inventory consisted of 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 that were 100% complete with respect to materials and 50%
complete with respect to conversion. Prepare the journal entry to record the transfer of costs from
Work in Process to Finished Goods Jllif no entry is required for a ansaction/event, select "No
journal entry required" in the first account field.).
Clopack Company manufactures one product that goes through one process (3).pdf
1. 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 nertain to June): The June
1 work in process inventory consisted of 5,800 units with $22 , 280 in matenas 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 that were
100% complete with respect to materials and 50% complete with respect to conversion. 3. What
is the amount of conversion cost transferred to finished goods? (Round your intermediate
calculations to 2 places.) 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): The June 1 work in process inventory consisted of 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 that were 100% complete with respect to materials and 50%
complete with respect to conversion. Prepare the journal entry to record the transfer of costs from
Work in Process to Finished Goods Jllif no entry is required for a ansaction/event, select "No
journal entry required" in the first account field.)
