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 Information for June 2020 follows Click the icon to view the information Read the requirements BRE Requirement 1. Calculate equivalent units of transferred in costs, direct materials and conversion costs. (Enter a "0" for any zero balances) Equivalent Units Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs Work in process, beginning inventory (June 1) 95 Transferred in during June 155 To account for Completed and transferred out during June Work in process, ending inventory (June 30) 180 70 Accounted for Equivalent units work done to date Data table C D E B Physical Units (tons) Transferred-In Costs Direct Materials Conversion Costs 95 $ 95 000 $ OS 28,500 100% 0% 40% Work in process, beginning inventory 2 (June 1) Degree of completion, beginning 3 work in process 4 Transferred-in during June Completed and transferred out 5 during June Work in process, ending inventory 6 (June 30) 155 180 70 Data table (tons) Costs Materials Costs 95$ 95,000 $ OS 28 500 100% 0% 40% 155 1 Work in process, beginning inventory 2 (June 1) Degree of completion, beginning 3 work in process 4 Transferred-in during June Completed and transferred out 5 during June Work in process, ending inventory 6 (June 30) Degree of completion, ending 7 work in process 8 Total costs added during June 180 70 100% 0% 70% $ 162 000 $ 49,500 $ 91,800 Print Done - Requirements 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs 2. Summarize total costs to account for, and calculate 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