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 to account for units and costs. 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: 41,000Materials: 134,065Direct labor: 86,500Overhead: 104,000Completed and transferred to Finished Goods: ?

Answer 1

Answer:

1. Debit Work in process 41000, Credit Direct Material 41000

Debit Work in process 134065 , Credit Salaries and wages payable account 134065

2 Debit Work In Process 86500, Credit Factory overhead 86500

3. Unit cost = total cost of production / units produced

                   = $261565 / 104 000 = $2.52

Explanation:

QUESTION IS INCOMPLETE BUT here are related questions to the problem

1.  

Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred.

2.  

Prepare the journal entry to record the overhead cost applied to production

3.

Calculate cost per unit