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

	Physical Units	Transferred-In	Direct	Conversion
	(tons)	Costs	Materials	Costs
Work in process, beginning inventory (June 1)	65	$58,500	$0	$19,500
Degree of completion, beginning work in process		100%	0%	40%
Transferred-in during June	145
Completed and transferred out during June	155
Work in process, ending inventory (June 30)	55
Degree of completion, ending work in process		100%	0%	60%
Total costs added during June		$139,500	$42,625	$79,05

Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. (Enter a "0" for any zero balances.)

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		Equivalent Units
	Physical Units	Transferred-In	Direct	Conversion
	(tons)	Costs	Materials	Costs
Work in process, beginning inventory (June 1)	65
Transferred in during June	145
To account for
Completed and transferred out during June	155
Work in process, ending inventory (June 30)	55
Accounted for
Equivalent units work done to date

Requirement 2. Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs.

Begin by summarizing the total costs to account for. (Enter a "0" for any zero balances.)

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	Total	Transferred-In	Direct	Conversion
	Production Costs	Costs	Materials	Costs
Total costs to account for

Calculate the cost per equivalent unit for transferred-in costs, direct materials and conversion costs. (Round your answers to the nearest cent.)

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			Transferred-In	Direct	Conversion
			Costs	Materials	Costs
Divide by
Cost per equivalent unit

Requirement 3. Assign costs to units completed (and transferred out) and to units in ending work in process. (Enter a "0" for any zero balances. Round your answers to the nearest whole dollar.)

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	Total	Transferred-In	Direct	Conversion
	Production Costs	Costs	Materials	Costs
Assignment of costs:
Completed and transferred out
Work in process, ending
Total costs to account for