Question

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 Process-Mixing Department June 1 balance 32,000 Completed and transferred to Finished Goods Materials 141, 245 Direct labor 90,500 Overhead 108,000 June 30 balance The June 1 work in process inventory consisted of 4,900 units with $17,380 in materials cost and $14,620 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, 37,400 units were started into production. The June 30 work in process inventory consisted of 7,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion. Foundational 4-8 8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials

Answer 1

Question 8

Answer-------Cost per Equivalent unit for material = $3.75

Question 9

Answer-------Cost per Equivalent unit for Conversion = $5.55

Question 10

Answer-------Cost of ending work in process inventory for materials= $29,250

Question 11

Answer-------Cost of ending work in process inventory for conversion= $21,645

Working

Statement of Equivalent Units(Weighted average)
				Material		Conversion cost
	Units			Complete %	Equivalent units	Complete %	Equivalent units
Transferred out	34,500			100%	34,500	100%	34,500
Ending WIP	7,800			100%	7,800	50%	3,900
Total	42,300			Total	42,300	Total	38,400

.

Cost per Equivalent Units (Weighted average)
COST		Material	Conversion cost	TOTAL
Beginning WIP Inventory Cost		$ 17,380	$ 14,620	$ 32,000
Cost incurred during period		$ 141,245	$ 198,500	$ 339,745
Total Cost to be accounted for		$ 158,625	$ 213,120	$ 371,745
Total Equivalent Units		42,300	38,400
Cost per Equivalent Units		$                   3.75	$                     5.55	$                9.30

.

Statement of cost (Weighted average)
Cost	Equivalent Cost/unit	Ending WIP
		Units	Cost Allocated
Material	$ 3.75	7,800	$          29,250.00
Conversion cost	$ 5.55	3,900	$          21,645.00
TOTAL	$ 371,745	TOTAL	$ 50,895