The following information applies to the questions displayed below] Clopack Comp
ID: 2339795 • Letter: T
Question
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 com of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questio pertain to June) pany uses the weight ed-average me Work in Process-Mixing Department June 1 balance 27,000 Completed and transferred to Finished Goods 153,250 97,500 115,000 Materials Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 4,200 units with $14,440 in materials cost and $12,560 in conversion e with respect to materials and 60% complete with respect ed o cost The June 1 work in process inventory was 100% complet to conversion. During June, 36700 units were started into production. The June 30 work in process inventory consist 9200 units that were 100% complete with respect to materials and 50% complete with respect to conversion 3. How many units were completed and transferred to finished goods during the period? completed and transferred out it-Explanation / Answer
3) unit completed and transferred out = 4200+36700-9200 = 31700 Units
4) Equivalent unit of material = 31700+(9200*100%) = 40900 Units
5) Equivalent unit of conversion = 31700+(9200*50%) = 36300 Units
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