! Required information of 15 The Foundational 15 (Algo) [LO4-1, LO4-2, LO4-3, LO4-4, LO4-5] 17:51 ok ces [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 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): June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department Debit Credit 27,000 151,100 Completed and transferred to Finished Goods ? 95,500 113,000 ? The June 1 work in process inventory includes 4,400 units with $14,100 in materials cost and $12,900 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, 36,900 units were started into production. The June 30 work in process inventory consisted of 8,800 units 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-4 (Algo) 4. Compute the equivalent units of production for materials. Equivalent units of production for materials 13,200
! Required information of 15 The Foundational 15 (Algo) [LO4-1, LO4-2, LO4-3, LO4-4, LO4-5] 17:51 ok ces [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 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): June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department Debit Credit 27,000 151,100 Completed and transferred to Finished Goods ? 95,500 113,000 ? The June 1 work in process inventory includes 4,400 units with $14,100 in materials cost and $12,900 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, 36,900 units were started into production. The June 30 work in process inventory consisted of 8,800 units 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-4 (Algo) 4. Compute the equivalent units of production for materials. Equivalent units of production for materials 13,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information
of 15
The Foundational 15 (Algo) [LO4-1, LO4-2, LO4-3, LO4-4, LO4-5]
17:51
ok
ces
[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 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):
June 1 balance
Materials
Direct labor
Overhead
June 30 balance
Work in Process-Mixing Department
Debit
Credit
27,000
151,100
Completed and transferred to Finished Goods
?
95,500
113,000
?
The June 1 work in process inventory includes 4,400 units with $14,100 in materials cost and $12,900 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, 36,900 units were started into production. The June 30 work in process inventory consisted of
8,800 units 100% complete with respect to materials and 50% complete with respect to conversion.
Foundational 4-4 (Algo)
4. Compute the equivalent units of production for materials.
Equivalent units of production for materials
13,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa37e3507-492a-4f67-86ea-898962e300e0%2F69feae22-7f58-41e6-958e-a3b9e56dcb34%2Fpo6ftel_processed.jpeg&w=3840&q=75)
Transcribed Image Text:!
Required information
of 15
The Foundational 15 (Algo) [LO4-1, LO4-2, LO4-3, LO4-4, LO4-5]
17:51
ok
ces
[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 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):
June 1 balance
Materials
Direct labor
Overhead
June 30 balance
Work in Process-Mixing Department
Debit
Credit
27,000
151,100
Completed and transferred to Finished Goods
?
95,500
113,000
?
The June 1 work in process inventory includes 4,400 units with $14,100 in materials cost and $12,900 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, 36,900 units were started into production. The June 30 work in process inventory consisted of
8,800 units 100% complete with respect to materials and 50% complete with respect to conversion.
Foundational 4-4 (Algo)
4. Compute the equivalent units of production for materials.
Equivalent units of production for materials
13,200
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