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 Cozy uses the FIFO method. The following information for June 2017 is available.

requirements 1-3

Requirements - X loce 1. Calculate equivalent units of work done in the current period (for transferred-in costs, direct materials, and conversion costs) to complete beginning work in 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. Print Done late the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. any zero balances. ata table B D E Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 60 $ 39,000 $ 0$ 30.000 100% 0% 50% 100 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) 7 Degree of completion, ending work in process B Total costs added during June 120 40 75% 100% 0% 120,000 $30,000 $ 63,600 Print Done rooms CTTOTETTOM UT, TOT Tot per que inter a "0" for any zero balances) TCOIVOTTOTTU Total Transferred in Direct Conversion Requirement 1. Calculate equivalent units of work done in the current period (for transferred-in costs, direct materials, and com process. (Enter a "O" for any zero balances.) Equivalent Units Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs Work in process, beginning 60 Transferred-in during current period 100 To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending 40 Accounted for Equivalent units of work done in current period Requirement 2. Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct mat Begin by summarizing the total costs to account for (Enter a "0" for any zero balances.) Total Transferred in Conversion Direct period 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 "O" 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 cont) Transferred-in Direct Conversion Costs Materiale 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. Begin by calculating the total from beginning inventory, then calculate the total costs accounted for. (Enter a "O" for any zero balance Dam Transferred-In Costs Direct Divide by Conversion Materials Costs Cost per equivalent unit Requirement 3. Assign costs to units completed (and transferred out) and to units in ending work in process. Begin by calculating the total from beginning inventory, then calculate the total costs accounted for. (Enter a "o" for any zero balances, Roun Total Transferred-In Direct Conversion Production Costs Costs Materials Costs Completed and transferred out: Total from beginning inventory Total costs of units completed and transferred out Total costs accounted for