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Please help with requirements 1, 2, and 3. Thank you! Fashion Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and

image text in transcribedimage text in transcribedimage text in transcribedPlease help with requirements 1, 2, and 3. Thank you!

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. The following information for June 2017 is available. 0 Requirements 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. i Data Table Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 80 $ 72,000 $ 0$ 40,000 100% 0% 50% 2 Work in process, beginning inventory (June 1) Degree of completion, beginning work in process 4 Transferred-in during June 170 5 Completed and transferred out during June 6 Work in process, ending inventory (June 30) Degree of completion, ending work in process 100% 0% 75% 90,100 8 Total costs added during June 161,500 $ 38,250 $

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