The Foundational $15($Static$)[$LO$4-1,$ LO$4-2,$ LO$4-3,$ LO$4-4,$ LO$4-5]$

$[$The following information applies to the questions displayed below.$]$

Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced

account for the Mixing Department for June follows $($all forthcoming questions pertain to June$)$

The June $1$ work in process inventory includes $5,000$ units with $$16,000$ in materials cost and $$12,000$ in conversion cost. The June $1$ work

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

$40\%$ complete with respect to conversion

References

Section Break

The Foundational $15($Static$)$

The Foundational $($LO$4-1,$ LO$4-2,$ LO$4-3,$ LO$4$

LO$4-5]$

Award: $0\mathrm{.}00$ points

Foundational $4-3($Static$)$

How many units were completed and transferred to finished goods?

Completed and transferred out

Compute the equivalent units of production for materials.

Equivalent units of production for materials

Amand $200$ onoms

Compute the equivalent units of production for conversion

Equivalent units of production for conversion?

Total cost of materials

What is the cost of beginning work in process inventory plus the cost added during the period for conversion?

Total cost of conversion

What is the cost per equivalent unit for materials?

Note: Round your answer to $2$ decimal places.

Cost per equivalent unit for materials

What is the cost per equivalent unit for conversion?

Cost per equivalent unit

What is the cost of ending work in process inventory for materials?

Note: Round your intermediate calculations to $2$ places.

Cost of ending work$-$in$-$process inventory for materials

What is the cost of ending work in process inventory for conversion?

Cost of ending work$-$in$-$process inventory for conversion

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

Conversion cost transferred to finished goods

$$,172,500$

Prepare the journal entry to record the transfer of costs from Work in Process to Finished Goods,

Note: If no entry is required for a tratalion to $2$ decimal places.

calculations to $2$

Journal entry worksheet

$$

Record the transfer of costs from Work in Process to Finished Goods.

Note: Enter debits before credits.

Clear entry

View general joumal

$15-$a$.$ What is the total cost to be accountod for?

$15-b.$ What is the total cost accounted for?

a$.$ Total cost to be accounted for

b$.$ Total cost accountled lor