Question: 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



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 cost 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): The June 1 work-in-process inventory consisted of 5,700 pounds with $21,780 in materials cost and $19,220 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, 38,200 pounds were started into production. The June 30 work-in-process inventory consisted of 9,400 pounds that were 100% complete with respect to materials and 50% complete with respect to conversion. Required: Prepare the journal entries to record the raw materials used in production and the direct labour cost incurred. Journal entry worksheet Record the raw materials used in production. Note: Enter debits before credits. Journal entry worksheet Record the direct labour cost incurred. Note: Enter debits before credits
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
