Question
Arctic Goose is a manufacturer of winter clothing. This problem will focus on the knitting department, one of six departments in the manufacturing process. The
Arctic Goose is a manufacturer of winter clothing. This problem will focus on the knitting department, one of six departments in the manufacturing process. The following information for June 2020 is available. physical units (tons) transferred in costs DM costs conversion costs total costs beginning inventory 60 $80,000 $8,500 $30,000 transferred in during June 115 $117,000 ending inventory 45 degree of completion end inv 100.0% 40.0% 60.0% costs added during June $29,300 $64,600 The key to this problem is to show your work in a clear and logical manner. You can place that work after question #4. O Calculate DM and conversion costs transferred out during June. (4 points) costs transferred out transferred in costs DM costs conversion costs O Calculate DM and conversion costs in ending inventory. (4 points) costs in end inv transferred in costs DM costs conversion costs O Calculate the equivalent units of production for June (4 points) equivalent units of production transferred in costs DM costs conversion costs Calculate the cost per equivalent unit of production (4 points) cost per equivalent unit of production The required internmediate steps are shown below. transferred in costs DM costs conversion costs
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