100 5 Trendy Clothing, Inc. is a manufacturer of winter dothes It has a kning department and a finishing department This exercise osas on the finishing department Direct materials are added at the end of the process Conversion costs are added evenly during the process Suppose that Trendy uses the FIFO method The following information for June 2017 is available Click the icon to view the information) A B Read the routements E Physical Unit Transferred in Direct Conversion Costs Materials CORT 2 Work in process, beginning inventory (June 1) 95.000 5 ols 30.000 3 Degree of completion, beginning work in process 100% GO 4 transferred in during June 185 5 Completed and transferred out during June 200 Work in process, ending inventory (June 30) A5 7 Degree of completion, anding work in process 100% 0% 80% 4 Total costs added during June 15 200.000 $ 45,000 $ 104.000 Requirement 1. Calculate equivalent unts of work done in the current period for transferred in costs direct materials and conversion costs) to complete beginning work in process, to start and complete new units and to produce ending work in proces (Enter for any zero balances) Equivalent Units Physical Units Transferred in Direct Conversion (tone) Cors Materials Costs Work in process, beginning 70 Transferred in during current period 120 To account for Completed and transferred out during current period: From beginning work in process JL Started and completed 1 Work in process, ending 50 Accounted for Equivalent units of work done in current period Requirement 2. Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in Dosts, direct materials and conversion costs Begin by summarizing the total costs to account for. (Enter a "b" for any zero balances) Total Transferred in Direct Conversion Production Coats Costs | Materials Coats Work in process, beginning Costs added in current period Totalcals to account for Calculate the cost per equivalent unit for transferred in costs direct materials, and conversion costs. (Round your answers to the nearest cent Transferred-In Direct Conversion Costs Materials Costs Costs added in current period Duide by equivalent units of work done in current period Cast par gulvalent unit Requirement 3. Assign costs to units completed (and transferred out and to unitsin ending work in process Begin by calculating the total from beginning inventory, then cakulate the total costs accounted fur. (Enter a "0" for any zero balances. Round your final answers to the nearest whole dulkar) Total Transformed in Direct Conversion Production Costa Costs Materials Costs Completed and transferred out Work in process, beginning II Coats added to beginning WIP in current period Total from beginning inventory Started and completed Total costs of units completed and transferred out Work in process, ending Totalcoats accounted for 100 5 Trendy Clothing, Inc. is a manufacturer of winter dothes It has a kning department and a finishing department This exercise osas on the finishing department Direct materials are added at the end of the process Conversion costs are added evenly during the process Suppose that Trendy uses the FIFO method The following information for June 2017 is available Click the icon to view the information) A B Read the routements E Physical Unit Transferred in Direct Conversion Costs Materials CORT 2 Work in process, beginning inventory (June 1) 95.000 5 ols 30.000 3 Degree of completion, beginning work in process 100% GO 4 transferred in during June 185 5 Completed and transferred out during June 200 Work in process, ending inventory (June 30) A5 7 Degree of completion, anding work in process 100% 0% 80% 4 Total costs added during June 15 200.000 $ 45,000 $ 104.000 Requirement 1. Calculate equivalent unts of work done in the current period for transferred in costs direct materials and conversion costs) to complete beginning work in process, to start and complete new units and to produce ending work in proces (Enter for any zero balances) Equivalent Units Physical Units Transferred in Direct Conversion (tone) Cors Materials Costs Work in process, beginning 70 Transferred in during current period 120 To account for Completed and transferred out during current period: From beginning work in process JL Started and completed 1 Work in process, ending 50 Accounted for Equivalent units of work done in current period Requirement 2. Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in Dosts, direct materials and conversion costs Begin by summarizing the total costs to account for. (Enter a "b" for any zero balances) Total Transferred in Direct Conversion Production Coats Costs | Materials Coats Work in process, beginning Costs added in current period Totalcals to account for Calculate the cost per equivalent unit for transferred in costs direct materials, and conversion costs. (Round your answers to the nearest cent Transferred-In Direct Conversion Costs Materials Costs Costs added in current period Duide by equivalent units of work done in current period Cast par gulvalent unit Requirement 3. Assign costs to units completed (and transferred out and to unitsin ending work in process Begin by calculating the total from beginning inventory, then cakulate the total costs accounted fur. (Enter a "0" for any zero balances. Round your final answers to the nearest whole dulkar) Total Transformed in Direct Conversion Production Costa Costs Materials Costs Completed and transferred out Work in process, beginning II Coats added to beginning WIP in current period Total from beginning inventory Started and completed Total costs of units completed and transferred out Work in process, ending Totalcoats accounted for