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 Classic uses the weighted-average method of process costing. The following Information for June 2017 is available: (Click the icon to view the information) Read the requirements Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. (Enter a "o for any zero balances) Equivalent Units Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs Work in process, beginning inventory (June 1) 65 145 Transferred in during June To account for Completed and transferred out during June 165 Work in process, ending Inventory (June 30) Accounted for Equivalent units work done to dato 45 Requirements 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. 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 Print Done Requirement 2. Se the total cost to account for and cate the cost per quanto forward in coste de material and concent Begin by urcing the cost of afwy zero balonces) Total Transferred Direct Conversion Production Costs Costs Materials Costo Tots Cache cost per equivalent unit for transformed in conta direct materials and convenientos and you wes to the nearest com) Calculate the cost per equivalent un for transferred in coses, direct materials and conversion cost Round you were to the rest.com Transferred Direct Conversion Costs Materials Costa Odbo Corporalentit Requirement 3. Assign costs to units completed (and transferred out) and to units in ending work in process. (Enter a "0" for a Total Transferred In Direct Conversion Production Costs Costs Materials Costs Assignment of costs Completed and transferred out Work in process ending Total costs to account for Choose from any list or enter any number in the input fields and then continue to the next question Cothing, the manufacturer of wars. It hasing department and finishing department. This exercise focuses on the finishing department Direct materials are added at the end of the proces. Conversion or sed venly during the process. Clases the weaverage method of process conting. The following formation for June 2017 is wailable contothematon traurement. Certamen conta direct materials, and convention conta. Enter for any rerobics) Equivalent Units Physical Units Trend Direct Conversion Costs Materials Coute beige 1) 145 106 Noord Data Table A B D E Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 65 $ 71,500 $ 0$ 32,500 100% 0% 40% 145 2 Work in process, beginning inventory (June 1) Degree of completion, beginning work in 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 165 45 60% 100% 0% 156,750 $ 37,125 $ 87.450 Print Done