Foundational 4-3 Clopack Company manufactures one product that goes through one

Question

Foundational 4-3

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):

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):

Explanation / Answer

Hi,

Please find the answer as follows:

Work in Process as on June 1 = 4600

+ Units Started into Production during the Month = 37100

- Work in Process as on June 30 = 8400

Total Units Completed and Transferred to Finished Goods = 4600 + 37100 - 8400 = 33300

Answer is 33300.

Thanks.

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