Cool Clothing Company 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. Cool uses the weighted average method of process costing. The following information for June, this year, is available. 2 (Click the icon to view the information.) Requirements 1. Calculate equivalent units of transferred-in costs, direct materials and conversion costs. 2. Summarise total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct materials and conversion costs. 3. Assign total costs to units completed (and transferred out) and to units in ending work-in-process. Requirement 1. Calculate equivalent units of transferred-in costs, direct materials and conversion costs. (Enter an amount in each input cell.) Equivalent Units Transferred-in Direct Conversion Physical Units (tons) Costs Materials Costs Work-in-process, beginning inventory (1 June) 100 Transferred in during June 155 To account for Completed and transferred out during June Work-in-process, ending inventory (30 June) Accounted for 180 75 Work done to date 0 Data Table X Physical Units (tons) 100 Transferred-in Costs 100,000 Direct Materials 0 Conversion Costs 40,000 100% 0% 60% 155 Work-in-process, beginning inventory (1 June) Degree of completion, beginning work-in- process Transferred in during June Completed and transferred out during June Work-in-process, ending inventory (30 June) Degree of completion, ending work-in- process Total costs added during June 180 75 100% 0% 60% 91,800 162,000 45,000