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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 Process—Mixing Department

June 1—balance	28,000		Completed and transferred    to Finished Goods	?
Materials	151,215
Direct labour	96,500
Overhead	114,000
June 30—balance	?

The June 1 work in process inventory consisted of 4,300 pounds with $15,240 in materials cost and $12,760 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, 36,800 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.

   

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

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

8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)

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

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

Answer 1

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