Apple Inc., American manufacturer of smartphones and computer software Beginning work in process was half converted as to labor and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 50% complete.

Beginning work in process	45,000 units
Units started	75,000 units
Units completed	114,000 units
Beginning work-in-process direct materials	$ 24,000
Beginning work-in-process conversion	$ 7,200
Direct materials added during month	$108,000
Direct manufacturing labor during month	$42,000
Factory overhead	$ 21,000

Required:

1. Using the weighted-average process costing method:

1. Calculate the equivalent units for direct materials and conversion costs, respectively, for June 2020. (2 marks)
2. Calculate cost per equivalent unit for direct materials and conversion costs, respectively for June, 2020. (2 marks)
3. Calculate the total costs assigned to direct materials and conversion costs, respectively, for June 2020. (2 marks)

2. Prepare journal entry to record transferring WIP to finished goods. (1 mark)