Cozy 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. Cozy uses the weighted average method of process costing. Information for June 2020 follows: (Click the icon to view the information.) Read the requirements. 1 Data Table Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. (Enter a "0" for a Equivalent Units Transferred-In Direct Conversion Costs Materials Costs B Physical Units (tons) D Physical Units (tons) Transferred-In Costs Direct Materials E Conversion Costs 1 100 Work in process, beginning inventory (June 1) Transferred in during June 165 100$ 100,000 $ 0 $ 30,000 100% 0% 60% 265 To account for Completed and transferred out during June 165 185 185 185 185 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, endin inventory (June 30) 7 Degree of completion, ending work in process 8 Total costs added during June 185 80 80 0 60 Work in process, ending inventory (June 30) 80 265 Accounted for 100% 0% 75% 265 185 245 Equivalent units work done to date $ 185,000 $ 50,875 $ 96,200 Requirement 2. Summarize total costs to account for, and calculate cost per equivalent unit for transferred-in costs, direct Begin by summarizing total costs to account for. (Enter a "0" for any zero balances.) Total Production Transferred-In Costs Costs Direct Materials Conversion Costs Print Done Work in process, beginning $ 130,000 $ 100,000 $ 0 $ 30,000 Cozy 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. Cozy uses the weighted average method of process costing. Information for June 2020 follows: (Click the icon to view the information.) Read the requirements. LUSLS LITELL IVIA Lti lais LUSLS Work in process, beginning $ 130,000 $ 100,000 $ 0 $ 30,000 Costs added in current period 332.075 185,000 50.875 96,200 Data Table $ 462,075 $ 285,000 $ 50,875 $ 126,200 Total costs to account for A Calculate cost per equivalent unit for transferred-in costs, direct materials and conversion costs. (Round your answers to Transferred-In Direct Conversion Costs Materials Costs Costs incurred to date $ 285,000 $ 50,875 $ 126,200 Divide by Equivalent units of work done to date 265 185 245 B D E Physical Transferred-In Direct Conversion Units (tons) Costs Materials Costs 100 $ 100,000 $ 0 $ 30.000 100% 0% 60% $ 1,075.47 $ 275.00 $ 515.10 165 Cost per equivalent unit 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 8 Total costs added during June 185 80 Requirement 3. Assign costs to units completed (and transferred out) and to units in ending work in process. (Enter a "0" Total Production Transferred-In Conversion Rectangular Snip Costs Costs Direct Materials Costs 100% 0% 75% Assignment of costs: $ 185,000 $ 50,875 $ 96,200 Completed and transferred out 50875 0 Work in process, ending 462075 285000 50875 126200 Total costs to account for Print Done