4 of 5 (3 complete) E18-31 (similar to) Cozy Clothing, Inc. is a manufacturer of winter clothes. It has a knitting department and a finishing department. This exercise focuses on the finishin the process Cozy uses the weighted average method of process costing Information for June 2020 follows Click the icon to view the information Read the requirements Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs (Enter a "o for any zero balances) Equivalent Units Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs Work in process beginning inventory (June 1) 70 140 Transferred in during June To account for Completed and transferred out during June 150 80 Work in process, ending Inventory (June 30) Accounted for Equivalent units work done to date Enter any number in the edit Rields and then click Check Answer Clear All 3 parts remaining O Type here to search O II ng Information for June 2020 follows hishing department Direct materials are added at the e Et materials, and conversion costs. (Enter a "0" for any zero balances) Requirements -X -S Transfe Cos 70 40 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs 2. Summarize total costs to account for, and calculate cost per equivalent unit for transferred-in costs, direct materials, and conversion costs 3. Assign costs to units completed (and transferred out) and to units in ending work in process 50 60 Print Done All CLUDE Data Table - X B D E Physical Transferred-In Direct Conversion Units (tons) Costs Materials Costs 70 $ 77,000 $ 0 $ 35,000 100% 50% 0% 140 2 Work in process, beginning inventory (June 1) 3 Degree of completion, beginning work in process 4 Transferred-in during June 5 Completed and transferred out during June 6 Work in process, ending inventory (June 30) Degree of completion, ending work in process 8 Total costs added during June 150 60 100% 0% 75% 78,750 S 142,500 $ 41,250 $ Print Done er. Clear All