San Diego State University Operations And Supply Chain Management Assignment Help - Journal
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 ProcessAf?cAc‚¬"Mixing Department
June 1 balance 32,000 Completed and transferred ?
Materials 141,245 to Finished Goods
Direct labor 90,500
Overhead 108,000
June 30 balance ?
The June 1 work in process inventory consisted of 4,900 pounds with $17,380 in materials cost and
$14,620 in conversion cost. The June 1 wo
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rk in process inventory was 100% complete with respect to
materials and 60% complete with respect to conversion. During June 37,400 pounds were started into
production. The June 30 work in process inventory consisted of 7,800 pounds that were 100%
complete with respect to materials and 50% complete with respect to conversion.
Required:
Prepare the journal entries to record the raw materials used in production and the direct labor cost
incurred.
General Journal Debit Credit
(Click to select)Work in process-mixingRaw materials inventorySalaries and
wages payableManufacturing overheadPurchases of raw materialsAccounts
receivableAccounts payableCost of goods sold
(Click to select)Raw materials inventoryWork in process-
mixingManufacturing overheadCost of goods manufacturedAccounts
payableSalaries and wages payableFinished goodsCost of goods sold
(Click to select)Work in process-mixingSalaries and wages payableRaw
materials inventoryManufacturing overheadFinished goodsCost of goods
soldAccounts payablePurchases of raw materials
(Click to select)Salaries and wages payableRaw materials inventoryWork in
process-mixingAccounts receivableFinished goodsPurchases of raw
materialsManufacturing overheadAccounts payable
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