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Classic Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a finishing department. This exercise focuses on the finishing
Classic 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 that C (Click the icon to view the information.) Read the requirements. Data table Requirement 1. Calculate equivalent units of wor 1 process. (Enter a "0" for any zero balances.) 32,000 50% mplete new units, and to produce ending wor 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) B D Physical Units Transferred-In (tons) Costs Direct Materials E Conversion Costs 80 $ 65,000 $ 0 $ 100% 0% 145 160 65 Degree of completion, ending work in process 100% 0% 60% $ 144,000 $ 36,000 $ 81,600 Work in process, beginning Transferred-in during current period To account for Completed and transferred out during current per From beginning work in process Started and completed Work in process, ending Accounted for 7 8 Total costs added during June Print Done
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