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[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):
Work in Process-Mixing Department June 1 balance 27,000
Completed and transferred to Finished Goods ?
Materials 151,100
Direct labor 95 , 500
Overhead 113,000
June 30 balance ?
Question 1: What is the cost of materials transferred to finished goods? (Round your intermediate calculations to 2 places.) Cost of materials transferred to finished goods
Question 2: What is the amount of conversion cost transferred to finished goods? (Round your intermediate calculations to 2 places.) Conversion cost transferred to finished goods
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