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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.
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. The following information for June 2014 is available. Requirements 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. 2. Summarize 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. Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. (Enter a "0" for any zero Requirement 2. Summarize total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct Choose from any list or enter any number in the input fields and then continue to the next
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