Question

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): June 1 balance Materials Direct labor Overhead June 30 balance Work in Process-Mixing Department 45,000 Completed and transferred to Finished Goods 140.400 89,500 107.000 The June 1 work in process inventory consisted of 6,000 units with $24.250 in materials cost and $20,750 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 38,500 units were started into production. The June 30 work in process inventory consisted of 10,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion 5. Compute the equivalent units of production for conversion Equivalent units of production for conversion

Answer 1

Beginning work in process inventory				6,000	Completed & transferred			34,500
started during the year				38,500	Ending work in process			10,000
units to be accounted				44,500	units accounted for			44,500
Equivalent units
				% mat	Materials	% CC	Conversion
Completed & transferred			34,500	100%	34,500	100%	34,500
ending work in process			10,000	100%	10,000	50%	5000
			44,500		44,500		39,500
Equivalent units of production for conversion					39,500