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(Solved): 1. Prepare the journal entries to record the raw materials used in production and the direct labor c ...


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1. Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2. Prepare the journal entry to record the overhead cost applied to production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

6. What is the cost of beginning work in process inventory plus the cost added during the period for materials?

7. What is the cost of beginning work in process inventory plus the cost added during the period for conversion?

8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)

9. What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.)

10. What is the cost of ending work in process inventory for materials? (Round your intermediate calculations to 2 places.)


11. What is the cost of ending work in process inventory for conversion? (Round your intermediate calculations to 2 places.)

12. What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places.)

13. What is the amount of conversion cost transferred to finished goods? (Round your intermediate calculations to 2 places.)


14. Prepare the journal entry to record the transfer of costs from Work in Process to Finished Goods. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)


Requlred Information [The following information applles to the questions displayed below.] Clopack Company manufactures one product that goes through one processing department called MixIng. All raw materlals are Introduced at the start of work In the Mixing Department. The company uses the welghted-average method of process costing. Its Work In Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): The June 1 work in process Inventory consisted of 5,400 units with In materlals cost and In conversion cost. The June 1 work in process Inventory was complete with respect to materlals and 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 complete with respect to materlals and complete with respect to conversion.


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1) Journal entries to record direct materials used and direct labor incurred :



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