Cool 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. Cool uses the weighted-average method of process costing. Information for June 2020 follows: B D E Physical Transferred-In Direct Conversion 1 Units (tons) Costs Materials Costs 2 Work in process, beginning inventory (June 1). 90$ 99,000 $ 0$ 27,000 3 Degree of completion, beginning work in process 100% 0% 50% 4 Transferred-in during June 135 5 Completed and transferred out during June 185 6 Work in process, ending inventory (June 30) 40 7 Degree of completion, ending work in process 100% 0% 75% 8 Total costs added during June $ 185,000 $ 50,875 $ 96,200 1. 2. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. Summarize total costs to account for, and calculate cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. Assign costs to units completed (and transferred out) and to units in ending work in process. 3