Question: please can someone help me with this as soon as possible? I'd really appreciate it 3 Clopack Company manufactures one product that goes through ono





3 Clopack Company manufactures one product that goes through ono 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): 5 2 June 1 balance Work in Process-Mixing Department 28,000 Completed and transferred to Finished Goods 120,000 79,500 97,000 3 10 13 22 13 2 Materials Direct labor Overhead June 30 balance 14 15 16 The June I work in process inventory consisted of 5,000 units with $16,000 in materials cost and $12,000 in conversion cost. The June I work in process inventory was 100% complete with respect to materials and 50% complete with respect to conversion. During June, 37,500 units were started into production. The June 30 work in process inventory consisted of 8,000 units that were 100% complete with respect to materials and 40% complete with respect to conversion 17 20 Required: B D F G H M M 1 1. Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred. Work in Process - Mixing Raw Materials inventory 3 4 5 G Work in Process - Mixing Salaries and Wages Payable 2 S 9 LO 12 12 1 2. Prepare the journal entry to record the overhead cost applied to production. 2 3 Work in Process - Mixing Manufacturing Overhead 4 4 5 on 6 7 00 8 E D F G B K A H 1 3. How many units were completed and transferred to finished goods during the period? 2 3 4 5 6 Work in process, June 1 Started into production during the month Total units in process Deduct work in process, June 30 Completed and transferred out during the month 7 8 9 10 11 12 13 B D F G H E 4. Compute the equivalent units of production for materials. 5. Compute the equivalent units of production for conversion. Equivalent Units Materials Conversion Units transferred out Equivalent units in ending work in process inventory Materials (100%): Conversion (40%): Equivalent units of production A E G H M N 1 6. What is the cost of beginning work in process inventory plus the cost added during the period for materials? 7. What is the cost of beginning work in process inventory plus the cost added during the period for conversion? 2 4 5 Materials Conversion 6 2 Cost of beginning work in process Cost added during the period Total cost 5 9 20 11 12 13 14 15 16 17
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