Allure Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a finishing department. This exercise focuses on the finishing department. Direct materials are added at the end of the process. Conversion costs are added evenly during the process. Suppose Allure uses the FIFO method. Information for June 2020 follows: Click the icon to view the information.) Read the requirements Requirement 1. Calculate equivalent units 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 process inventory (Enter a "0" for any zero balances) Work in process, beginning Transferred-in during ourment period To account for Completed and transferred out during current period From beginning work in process Started and completed Work in process, ending Accounted for Equivalent units of work done in current period Equivalent Units Physical Units Transferred-in Direct Conversion (tons) Costs Materials Coste 75 135 210 75 75 75 60 28 75 75 60 0 210 135 150 150 Data table E Transferred-In Direct Conversion Costs Materials Costs 75 $ 67,500 $ 0 $ 22,500 100% 0% 60% 1 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) 7 Degree of completion, ending work in process 8 Total costs added during June Physical Units (tons) 135 150 60 100% 0% 75% 150,000 37,500 $ 78,000 Requirement 2. Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. Begin by summarizing the total costs to account for. (Enter a "O" for any zero balances.) Total Work in process, beginning Costs added in current period Total costs to account for Production Costs Transferred-In Costs Direct Materials Conversion Costs 90,000 $ 265,500 355,500 $ 67,500 $ 0 $ 22,500 150,000 37.500 78,000 217,500 $ 37.500 $ 100,500 Calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. (Round your answers to the nearest cent.) Costs added in current period Divide by equivalent units of work done in current period Cost per equivalent unit Transferred-in Costs Direct Materials Conversion Costs 150,000 $ 135 37,500 $ 78,000 150 150 1.111.11 $ 250.00 $ 520.00 Requirement 3. Assign costs to units completed (and transferred out) and to units in ending work in process. Begin by calculating the total from beginning inventory, then calculate the total costs accounted for. (Enter a "0" for any zero balances. Round your final answers to the nearest whole dollar) Completed and transferred out Work in process, beginning Costs added to beginning WIP in current period Total from beginning inventory Total Production Costs Transferred-in Direct Costs Materials Conversion Costs Requirements 1. Calculate equivalent units 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 process inventory. 2. Summarize the total costs to account for, and calculate the 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. -X