Question

Required information The Foundational 15 (L04-1, LO4-2, LO4-3, LO4.4, L04-5) 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 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 0.33 June 1 balance Materials Direct labor Work in Process-Mixing Department Completed and transferred to Finished Goods 120,000 79,50 June 30 balance The June 1 work in process inventory consisted of 5,000 units with $16,000 in materials cost and $12,000 in conversion cost. The June 1 work in 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. The June 30 work in process inventory consisted of 8.000 units that were 100% complete with respect to materials and 40% complete with respect to conversion Foundational 4-3 3How many units were completed and transferred to finished goods during the period?

Answer 1

June 1 work in process units	5000
(+) Units started into production during June	37500
(-) June 30 Work in process units	8000
Completed and transferred out	34500