Mode 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. Mode uses the weighted-average method of process costing. The following information for June 2017 is available.

Read the requirements2.

Requirement 1. Calculate equivalent units oftransferred-in costs, directmaterials, and conversion costs.(Enter a"0" for any zerobalances.)

Equivalent Units

Physical Units Transferred-In Direct Conversion

(tons) Costs Materials Costs

Work in process, beginning inventory (June 1) 90

Transferred in during June 160

To account for

Completed and transferred out during June 200

Work in process, ending inventory (June 30) 50

Accounted for

Equivalent units work done to date

Requirement 2. Summarize the total costs to accountfor, and calculate the cost per equivalent unit fortransferred-in costs, directmaterials, and conversion costs.

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

Total Transferred-In Direct Conversion

Production Costs Costs Materials Costs

(1)

(2)

Total costs to account for

Calculate the cost per equivalent unit fortransferred-in costs, direct materials and conversion costs. (Round your answers to the nearestcent.)

Transferred-In Direct Conversion

Costs Materials Costs

(3)

Divide by

(4)

Cost per equivalent unit

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

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

1: Data Table

A B C D E

1

Physical Units (tons) Transferred-In Costs Direct Materials Conversion Costs

2

Work in process, beginning inventory (June 1) 90 $99,000 $0 $36,000

3

Degree of completion, beginning work in process 100% 0% 50%

4

Transferred-in during June 160

5

Completed and transferred out during June 200

6

Work in process, ending inventory (June 30) 50

7

Degree of completion, ending work in process 100% 0% 70%

8

Total costs added during June $190,000 $45,000 $105,000

2: Requirements

1. Calculate equivalent units oftransferred-in costs, directmaterials, and conversion costs.
2. Summarize the total costs to accountfor, and calculate the cost per equivalent unit fortransferred-in costs, directmaterials, and conversion costs.
3. Assign costs to units completed(and transferredout) and to units in ending work in process.