Question Help 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 valable HI! (Click the icon to view the information) Read the requirements Requirement 1. Calculate equivalent units of transferred in costs, direct materials, and conversion costs. (Enter a "O" for any zero balonces) Equivalent Units Physical Units Transferred-In Direct Conversion tons) Costs Materials Costs Work in process, beginning inventory (June 1) 95 Transferred in during June 165 To account for Completed and transferred out during June 175 85 Work in process, ending inventory (June 30) Accounted for Equivalent units work done to date Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Read the requirements. Requirement 2. Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. Begin by summarizing the total costs to account for. (Enter a "O" for any zero balances.) Total Transferred-In Direct Conversion Production Costs Costs Materials Costs Total costs to account for Calculate the cost per equivalent unit for transferred-in costs, direct materials and conversion costs. (Round your answers to the nearest cent.) Direct Conversion Transferred-In Costs Materials Costs Divide by Costner Rouvaient unit Choose from any list or enter any number in the input fields and then continue to the next question Save for Later MacBook Pro 30 se F3 62 CHOS OS per equiv U TO THOUSES, OG MOTIVOSOFTUES:n your answers to the St. Transferred-In Costs Direct Materials Conversion Costs Divide by Cost per equivalent unit Requirement 3. Assign costs to units completed (and transferred out) and to units in ending work in process. (Enter a "O" for any zero balances. Round your answers to the nearest whole dollar) 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 Choose from any list or enter any number in the input fields and then continue to the next question Save for Later MacBook Pro nly during the process, Fashion usus - X Data Table A B D E Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 95 $ 95,000 $ ols 47,500 100% 0% 3 40% 165 arest whole d 2 Work in process, beginning inventory (June 1) Degree of completion, beginning work in process 4 Transferred-in during June 5 Completed and transferred out during June 6 Work in process, ending inventory (June 30) 7 Degree of completion, ending work in process 8 Total costs added during June 175 85 100% 0% 80% 175,000 $ 48,125 $ 92,750 Print Done per in the input fields and then continue to the next
