s Required information [The following information applies to the questions displayed below.) Clopack Company manufactures...
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s Required information [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) Work in Processing Department Juner balance 40,000 Completed and transferred to Finished dood 125,000 Direct labor 83,500 Overhead 301.000 June 30 balance The June 1 work in process inventory consisted of 5,400 units with $22.220 in materials cost and $17780 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, 37,900 units were started into production. The June 30 work in process inventory consisted of 8,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion Materials 12. What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places.) Cost of materials transferred to finished goods
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