Allure Clothing, Inc is a manufacturer of winter clothes It has a knitting department and a...

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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 eformation) Read the requirements Data table. - X Requirement 1. Calculate equivalent units of work done in the cur new units, and to produce ending work in process inventory (Enter 1 Work in process beginning Transfered in during current penod 2 Work in process, beginning inventory (June 1) Degree of completion, beginning work in process Physical 3 (tons 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 Total costs added during June - X t page To account for Completed and transferred out during current period Requirements 1 Calculate eqvalent units of work done in the current period (for transfomed in costs, drect 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 unn for transferred in costs drect materials and conversion costs 3. Assign costs to units completed band transferred out) and to units in ending a work in process B Physical Units (tons) Transferred-in Costs D Direct Materials 60 5 51.000 s 100% Conversion Costs 05 10.000 0% 50% Print Done 100 120 40 S 100% 114,000 $ 0% 27.000 S 75% 63.000 Clear all Check answer 1105AM 2023 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 eformation) Read the requirements Data table. - X Requirement 1. Calculate equivalent units of work done in the cur new units, and to produce ending work in process inventory (Enter 1 Work in process beginning Transfered in during current penod 2 Work in process, beginning inventory (June 1) Degree of completion, beginning work in process Physical 3 (tons 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 Total costs added during June - X t page To account for Completed and transferred out during current period Requirements 1 Calculate eqvalent units of work done in the current period (for transfomed in costs, drect 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 unn for transferred in costs drect materials and conversion costs 3. Assign costs to units completed band transferred out) and to units in ending a work in process B Physical Units (tons) Transferred-in Costs D Direct Materials 60 5 51.000 s 100% Conversion Costs 05 10.000 0% 50% Print Done 100 120 40 S 100% 114,000 $ 0% 27.000 S 75% 63.000 Clear all Check answer 1105AM 2023