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Fashion Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a finishing department. This exercise focuses on the finishing department.
Fashion 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. Fashion uses the weighted average method of process costing. The following information for June 2017 is available. Click the icon to view the information.) Read the requirements, Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion coats. (Enter a "O" for any zero balances.) Physical Units (tons) 105 Equivalent Units Transferred-In Direct Costs Materials Conversion Costs Work in process, beginning inventory (June 1) Transferred in during June 145 To account for Completed and transferred out during June 185 Work in process, ending inventory (June 30) Accounted for Equivalent units work done to date Enter any nurnber in the edit fields and then click Check Answer. 2 parts 3 remaining Clear All Check Answer vu Uvui Uuly liv PIUSS. FOSIDII USUS UIU WYLUUSIVUDU HIVUJU UI VIULUSS CUSully. TUIUIUWING HUILUIT IUI JUNIO 2011 IS DVODIO. (Click the icon to view the information.) d the requin i Data Table quirement 1 Requirements Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 105 $ 94,500S 0S 31,500 k in process nsferred in a 100% 0% 60% account for 145 2 Work in process, beginning inventory (June 1) Degree of completion, beginning work in process 14 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 & Total costs added during June 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. 2. Surrimarize 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. mpleted and ek in process ounted for 100% 185,000 S 0% 46,250 $ 60% 94,350 $ Print Done ivalent units Print Done rany number in the edit fields and then click Check
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