Required information[The following information applies to the questions displayed below.]Clopack Company manufactures one product that goes through one processing department called Mixing. All rawmaterials are introduced at the start of work in the Mixing Department. The company uses the weighted-average methodof process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questionspertain to June):June 1 balanceMaterialsDirect laborOverheadJune 30 balanceDebitWork in Process-Mixing Department29,000145,27592,500110,000CreditCompleted and transferred to Finished GoodsThe June 1 work in process inventory includes 4,700 units with $16,040 in materials cost and $12,960 in conversion cost.The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with respect toconversion. During June, 37,200 units were started into production. The June 30 work in process inventory consisted of8,200 units 100% complete with respect to materials and 50% complete with respect to conversion.? Required:1. Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred.Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.No1Transaction1Work in process-MixingRaw materials inventoryAnswer is not complete.General JournalDebitCredit

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Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Required information[The following information applies to the questions displayed below.]Clopack Company manufactures one product that goes through one processing department called Mixing. All rawmaterials are introduced at the start of work in the