Classic Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a fnishing 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. Classic uses the weighted average method of process costing. The following information ur June 2017 is available. (Click the icon to view the information.) 1 2 Work in process, beginning inventory (June 1) Degree of completion, beginning work in process 4 Transferred-in during June 5 Completed and transferred out during June Work in process, ending inventory (June 71 7 Degree of completion, ending work in process Total costs added during June B D E Physical Units Transferred In Direct Conversion (long) Costs Materials Costs 755 57,500 5 05 22,500 100% 0% 60% 125 130 70 100% 0% 70% 123,500 $ 29250 S 67,600 Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion coels. (Enter a "0" for any zero balances) Equivalent Units Physical Units Transferred in Direct Conversion Canis Materials Costa Work in process, beginning inventory (June 1) 75 165 Transferred in during na To account for Completed and transferred cut during June 180 60 Work in process, ending inventory (June 30) Accounted for Equivalent units work done to date Requirement 2. Summartze the total costs to account for and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. Begin by Sunwarring the total costs to account for Entora "for any rern balances Total Transferred in Direct Materials Conversion CORTS Production Costa Work in process beginning Costs added in current period Total costs to account for Calculate the cost per equivalent unt for transferred in costs direct materials and conversion costs. Round your answers to the nearest cont.) Transtarred in Direct Conversion Costs Materials Costs Cosly added in Current period DMida hy Equivalent units of work done to data Cost per equivalent unit Requirement 3. Assign costs to units completed and transferred out and to unitsin ending work in process (Enter a d'for any zero balances Round your answers to the nearest whole dollar) Total Transferred in Direct Conversion Production Costs Costs Materials Assignment of costs Completed and transferred out Work in process, anding Coste Total custs to account for