Question

Assistance needed with the below questions. Please provide details as to how you calculated the problem. Please and Thank You!

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):

Work in Process—Mixing Department June 1 balance 36,000 Completed and transferred to Finished Goods ? Materials 122,440 Direct labor 81,500 Overhead 99,000 June 30 balance ?

The June 1 work in process inventory consisted of 5,200 units with $19,130 in materials cost and $16,870 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, 37,700 units were started into production. The June 30 work in process inventory consisted of 8,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion.

1. How many units were completed and transferred to finished goods during the period?

2. Compute the equivalent units of production for conversion.

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

Answer 1

1. How many units were completed and transferred to finished goods during the period?

Openning WIP	5200
Add Units started (introduced)	37700
Less Ending WIP	8400
Units completed and transferred	34500

2. Compute the equivalent units of production for conversion.

Answer is 38700 units

	Physical Units	Direct Material	Conversion
Units completed and transferred		34500	34500
Ending WIP 100% ,50%	8400	8400	4200
Equivalent Units		42900	38700