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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.
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 that Allure uses the FIFO malhad. The following information for June 2017 is available, (Click the loon to view the information) Read the recuirements. 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 pro988. (Enter a "U" for any zero balances) Equivalent Units Physical Units Transferred-In Direct Conversion Data Table (tons) Costs Materials Casts Work in process, beginning 70 A D E 120 Transferred-in during current period Physical Units Transferred Direct Conversion To account for (tons) In Casts Materials Costs Completed and transferred out curing current period Work in proces, beginning inventory (June Frain beginning work in process 211) 70S 62000$ D$ 21,000 Started and completed Degree of completion beginning work in 50 Work in procese, onding 3 process 100% D% Accounted for 4 Transferred-in during June 120 Completed and transferred Equivalent units of work done in current period Sout during June 1401 X Work in process, ending Requirements inventory (June 30) 50 Degree of completion ending work in process 100% 0% 70% 1. Calculate equivalent units of work done in the current period for transferred-in Total costs added during 9 June S 123 000 $ 35.000 $ 74,200 costs, direct materials, and conversion costs) to complete beginning work in process, to start and complete new units, and to produce ending wars in process 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 coats to units completed (and transferred out) and to units in anding Print Done work in process
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