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 ProcessMixing Department
June 1 balance
Materials
Direct labor
Overhead
June 30 balance

40,000

Completed and
transferred to
Finished Goods

128,325
84,500
102,000
?

The June 1 work in process inventory consisted of 5,500 pounds with $21,750 in materials cost
and $18,250 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, 38,000 pounds
were started into production. The June 30 work in process inventory consisted of 9,000 pounds
that were 100% complete with respect to materials and 50% complete with respect to conversion.
. Prepare the journal entries to record the raw materials used in
production and the direct labor cost incurred:
The Journal Entries are recorded as follow
Work in process Mixing
Raw Material Inventory

$128,325
$128,325

Work in process Mixing

Wages Pay able

$84,500
$84,500

2. Prepare the journal entry to record the overhead cost applied to

production
Work in process -Mixing
Manufacturing Overhead

$102,000
$102,000

3. How many units were completed and transferred to finished goods

during the period?
Units Completed and transferred to Finished Goods:
pounds
Work in process, June 1.

5500.

started in production during the year

Total units in process
Deducts work in process June, 30
Completed and transfer during month

38000
43500
(9000)

34500

4. Compute the equivalent units of production for materials.

Equivalent units/pounds
Units transfer out
Work in process ending
9000*100% completed

34500
9000

Total Equivalent units of production for material

43500

5 Compute the equivalent units of production for conversion

.
Compute the equivalent units of production for conversion.
pounds
Units transfer out
34500
Work in process ending
9000*50%
4500
Equivalent units of production for conversion

39000

6. For materials, what is the sum of the cost of beginning work in process
inventory plus the cost added during the period?
Material :
Cost of begging work in process
Cost added during the Period

Cost

Total Cost

$150075

$ 21750
$ 128325

7. For conversion, what is the sum of the cost of beginning work in process
inventory plus the cost added during the period?
Cost
cost of binging work in process
Work in process
Conversion cost added during the year

$18250

Total Cost

204750

$186500*

*($84500+$102000)

8. What is the cost per equivalent unit for materials? (Round your answer to
2 decimal places.)
Total Cost
Equivalent units of production for material
Cost Per Equivalent unit

$150075
43500
$3.45/unit

9. What is the cost per equivalent unit for conversion? (Round your answer
to 2 decimal places.)
Total Cost completed and transferred

$204750

Total units Completed and transferred

Per unit conversion

39000 units
$5.25/ unit

10.What is the cost of ending work in process inventory for materials? (Do not
round intermediate calculations.)
Equivalent unit of production ending inventory
Cost Per Equivalent unit

9000
$3.45/unit

Cost of ending work in process inventory

$31050

11.What is the cost of ending work in process inventory for conversion? (Do
not round your intermediate calculations.)
Equivalent unit of production ending inventory 9000 x 50%
units
Cost Per Equivalent unit

4500
$5.25/unit

Cost of ending work in process inventory

$23625

12 What is the cost of materials transferred to finished goods? (Do not

. round intermediate calculation.)
Units Transferred out
34500units
Cost Per Equivalent unit

$3.45/unit

Total Cost
transferred to finished goods
$119025

13 What is the amount of conversion cost transferred to finished goods? (Do

. not round your intermediate calculations.)
Units Transferred out
34500 units
Cost Per Equivalent unit
Total Cost
transferred to finished goods
$ 181125

$5.25/unit

14 Prepare the journal entry to record the transfer of costs from Work in
. Process to Finished Goods.(If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
Finished Goods Inventory
Work In Process Inventory

300150
300150

Work in ProcessMixing Department

$
June 1 Balance
Material
181125
Direct Labor
119025
Overhead

$
40000
128325

84500

Completed and transferred :

Conversion:
Material :

102,000
c/d Balance WIP
June 30 Balance
354825

235750
Balance
Conversion:
Material:

23625
31050

54675