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Cool Clothing, Inc, is a manulacturer of winter clothes. It has a knating department and a finishing department. This exercise focuses on the finishing department.
Cool Clothing, Inc, is a manulacturer of winter clothes. It has a knating department and a finishing department. This exercise focuses on the finishing department. Direct materials are added at the ond of the process. Comversion costs are added evenly during the process. Suppose that Cool uses the FiFO method The following information for June 2017 is available (Cick the icon to view the information.) Read the roquiremyants Data table Requirements 1. Calculate equivalent units of work done in the current period (for transferredin 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. work in process, to start and compiete new units, and lo proouce enaing work in process. (Enter a U' tor any zero daiances.)
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