1. Calculate the equivalent units of transffered in cots, direct materil and coverisons

2. summerize total costs to account for, and calculate the cost per equivalents unit for transffered in costs, direct mterials and coversion csots

3. assgin costs to untis completed (and transffered out and to units in ending work in process)

Cozy Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a finishing department. This exercise focuses on the finishing departmen Direct materials are added at the end of the process. Conversion costs are added evenly during the process. Cozy uses the weighted-average method of process costing. The following information for June 2014 is available. Click the ico Requirements i Data Table 1. Calculate eq 2. Summarize 3. Assign cost Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs Calculate the co 0 28,500 104,500$ 100% 95 $ Work in process, beginning inventory (June 1) 096 Degree of completion, beginning work in process Transferred in during June 120 175 40 Costs incurred tCompleted and transferred out during June Divide by Equ Wor in process, ending inventory (June 30) Cost per equival Requirement 3 100% 0% 75% Degree of completion, ending work in process Total costs added during June 175,000 s 43,750 s 89,250 nd your answers to the n Print Done Choose from any listor enter any number in the input fieids and then contrnue to the next question Choose from any list or enter any number in the input fields and then continue to the next