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 coating. 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 costs. (Enter a "0" A Data Table Physical Units (tons) Equivalent Units Transferred-In Direct Costs Materials Conversion Costs Work in process, beginning inventory (June 1) 140 Physical Units Transferred-In Direct Conversion Itons) Costs Materials Costs 80,000 $ 0 $ 24,000 Transferred in during June To account for Completed and transferred out during June Work in process, ending inventory (June 30) 100% 0% 50% 2 Work in process, beginning Inventory (June 1) Degree of completion, beginning work in 3 process 4 Transferred-in during June 5 Completed and transferred out during June 6 Work in process, ending Inventory (June 30) Degree of completion, ending work in process B Total costs added during June Accounted for 0 Requirements Equivalent units 100% 175,000 $ 0% 43,750 $ 60% 92,750 $ 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. 2. Summarize 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 Print Done