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Please answer ALL requirements and show calculations. E17-26 (final answer) 3 Question Help Allure Clothing, Inc., is a manufacturer of winter clothes. It has a

Please answer ALL requirements and show calculations.

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E17-26 (final answer) 3 Question Help Allure 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. Allure uses the weighted average method of process costing. The following information for June 2014 is available. (Click the icon to view the information.) Requirements 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. 2. Summarize 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. Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. Equivalent Units Transferred-In Direct Costs Materials Conversion Costs Equivalent units work done to date i Data Table Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 100 $ 90,000 $ 0 $ 50,000 100% 0% 60% Work in process, beginning inventory (June 1) Degree of completion, beginning work in process Transferred in during June Completed and transferred out during June Work in process, ending inventory (June 30) Degree of completion, ending work in process Total costs added during June 100% 135,000 $ 0% 41,250 $ 60% 76,500 Print Done

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