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Chilly Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a finishing department. This exercise focuses on the finishing departme
Chilly Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a finishing department. This exercise focuses on the finishing departme end of the process. Conversion costs are added evenly during the process. Chilly uses the weighted-average method of process costing. Information for June 20 (Click the icon to view the information.) Read the requiremente R V Data table 1 2 Work in process, beginning inventory (June 1) 3 Degree of completion, beginning work in 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 B Physical Units (tons) C Transferred-In Costs 100 $ 140 175 65 $ D Direct Materials 90,000 $ 100% E Conversion Costs 0$ 0% 100% 0% 157,500 $ 39,375 $ - X 40,000 60% 60% 89,250
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