QUESTION 19 Trendy 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 this process and conversion costs are spread out evenly during the process. Trendy uses the weighted average method of process costing. The following information is available for June 2019: Physical Units Transfer-in costs Direct material Conversion costs 60 100 WIP, beginning units Transferred in in June To Account for Completed units WIP, ending units Total equivalent units 160 120 120 120 40 40 160 0 120 120 24 144 WIP beginning costs Costs added in June Total Costs $ 60,000 $117.000 $167,000 $ 0 $27.000 $27,000 $24,000 $62.400 $86,400 The costs of ending WIP Inventory in June of 2019 Trans-in $167,000 Total costs Equivalent units Cost/equiv unit WIP end 109 DM $27,000 120 $225 + (2250) + $86,400 144 $600 (600*24) =56,150 1,043.75 (1043.7540)