Chilly 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 Chilly uses the FIFO method. Information for June 2020 follows: (Click the icon to view the information.) Read the requirements .. 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 process inventory. (Enter a "0" for any zero balances.) Data table Conversion Equivalent Units Physical Units Transferred-In Direct (tons) Costs Materials 80 145 Costs A Work in process, beginning Transferred-in during current period 1 B C D E Physical Transferred-In Direct Conversion Units (tons) Costs Materials Costs 80 $ 65,000 $ 0$ 24.000 225 100% 0% 50% To account for Completed and transferred out during current period: From beginning work in process Started and completed 80 145 2 Work in process, beginning inventory (June 1) Degree of completion, beginning work in 3 3 process 4 Transferred-in during June 5 Completed and transferred out during June 6 Work in process, ending inventory (June 30) 7 Degree of completion, ending work in process 8 Total costs added during June 801 65 160 Work in process, ending 65 Accounted for 225 100% 0% 60% S 144.000 $ 40,000 $ 84.000| Equivalent units of work done in current period - X Requirements Print Done 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 process inventory 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 costs to units completed and transferred out) and to units in ending work in process Help me solve this Clear all Check