Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs.

Mode 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. Mode uses the weighted average method of process costing. The following information for June 2017 is available. B C Physical Transferred-In Units (tons) Costs DE Direct Conversion Materials Costs 70 $ 28,000 77,000 $ 100% 0$ 0% 0% 50% [ Work in process, beginning 2 inventory (June 1) Degree of completion, beginning work in process 4 Transferred-in during June Completed and transferred out 5 during June Work in process, ending 6 inventory (June 30) Degree of completion, ending work in process 8 Total costs added during June 140 165 100% 0% 165,000 $ 41,250 $ 60% 85,800 $ 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 Physical Units (tons) Equivalent Units Transferred-In Direct Costs Materials Conversion Costs Work in process, beginning inventory (June 1) Transferred in during June To account for Completed and transferred out during June Work in process, ending inventory (June 30) 165 Accounted for Equivalent units work done to date