Please answer ALL requirements and show calculations.

E17-27 (final answer) Question Help Chilly 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. Suppose that Chilly uses the FIFO method. The following information for June 2014 is available. E(Click the icon to view the information.) Requirements Calculate equivalent units of work done in the current period (for transferred-in costs, direct materials, and conversion costs) to complete beginning work in process, to start and complete new units, and to produce ending work in process. Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs 1. 2 3. Assign costs to units completed (and transferred out) and to units in ending work in process. Requirement 1. Calculate equivalent units of work done in the current period (for transferred-in costs, direct materials, and conversion costs) to complete beginning work in process, to start and complete new units, and to produce ending work in process. Equivalent Units Transferred-In Direct Conversion Costs Materials Costs Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Equivalent units of work done in current period X Data Table Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs O S Work in process, beginning inventory (June 1) 95 $ 80,000 $ 28,500 Degree of completion, beginning work in process 100% 0% 40% Transferred in during June 175 Completed and transferred out during June 190 Work in process, ending inventory (June 30) 80 Degree of completion, ending work in process 100% 0% 75% Total costs added during June S 180,500 S 47,500 S 98,800 Print Done