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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 department

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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 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) Data Table balances Physical Units Transferred-In Direct Conversion tons) Costs Materials Costs 70 5 77.000 $ 0$ 35,000 100% 0% 50% 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 $ 09 27.000 $ 70% 62.400 Physical Units (tons) Transferred-In Costs Equivalent Units Direct Materials Conversion Costs Work in process, beginning inventory (June 1) & Transferred in during June To account for Completed and transferred out during June Work in process, ending inventory (June 30) Accounted for Equivalent units work done to date Choose from any list or enter any number in the input fields and then continue to the next question Requirement 2. Summarize the total costs to account for and calculate the cost per equivalent unit for transferred-in costs direct materials, and conversion costs. Begin by summarizing the total costs to account for. (Enter a "for any zero balances) Total Transferred In Direct Conversion Production Costs Costs Materials Costs Total costs to account for Calculate the cost per equivalent unit for transferred-in costs, direct materials and conversion costs (Round your answers to the nearest cent) Calculate the cost per equivalent unit for transferred-in costs, direct materials and conversion costs (Round your answers to the nearest cent.) Transferred In Direct Conversion Costs Materials Costs Divide by Cost per equivalent unit 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 U Total costs to account for | Choose from any list or enter any number in the input fields and then continue to the next

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