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

90.2K

Verified Solution

Question

Accounting

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):
The June 1 work in process inventory includes 4,700 units with \(\$ 16,040\) in materials cost and \(\$ 12,960\) 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, 37,200 units were started into production. The June 30 work in process inventory consisted of 8,200 units \(100\%\) complete with respect to materials and \(50\%\) complete with respect to conversion.
What is the cost of beginning work in process inventory plus the cost added during the period for materials?
Total cost of materials
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students