Asaya 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. Asaya uses the FIFO method of process costing. The information for June 2018 is provided. Click the icon to view the information.) Required 1. Calculate equivalent units (tonnes) of transferred-in costs, direct materials, and conversion costs. 2. Summarize total costs to account for and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. 3. Assign total costs to units completed (and transferred out) and to units in ending work in process. Note that you first need to calculate the 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. i June 2018 information x Direct Materials $ 0 0% Conversion Costs $ 28,000 50% Work in process, beginning inventory (June 1) Degree of completion, beginning work in process Transferred in during June Completed and transferred out during June Work in process, ending inventory (June 30) Degree of completion, ending work in process Total costs added during June Physical Units Transferred-in (tonnes) Costs 70 $ 77,000 100% 165 150 85 100% $ 150,000 0% 80% $ 33,750 $ 78,000