Classic Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a finishing department. This exercise focuses on the finishing de Direct materials are added at the end of the process. Conversion costs are added evenly during the process. Suppose that Classic uses the FIFO method following information for June 2014 is available. Click the icon to view the information.) Requirements 1. Calculate equivalent units of work done in the current period (for transferred-in costs, direct materials, and conversion costs) to complete beginning wor process, to start and complete new units, and to produce ending work in process 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. CATES WITH Total Production Costs Transferred-In Costs Direct Materials Conversion Costs Completed and transferred out Work in process, ending Total from beginning inventory Total costs of units completed and transferred out Total costs accounted for Choose from any list or enter any number in the input fields and then continue to the next question i Data Table Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 60 $ 45,000 $ 0$ 24,000 100% 0% 50% 100 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 100% 108,000 $ 0% 33,000 $ 75% 61,200