Save Homework: Chapter 17 Homework Score: 0.23 of 1 pt 2 of 3 (2 complete E17-31 (similar to) HW Score: 33.92%, 1.7 of 5 pts Question Help Trendy Clothing, Inc. is a manufacturer of winter clothes. It has a knitting department and 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. Trendy uses the weighted average method of process costing. The following information for June 2017 is available (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 for any zero balances) Equivalent Units Physical Units Transferred-in Direct Conversion (tons) Costs Materials Costs Work in process, beginning inventory (June 1) 95 Transferred in during June To account for Completed and transferred out during June Work in process, ending inventory (June 30) 200 200 500 __ 200 35 Accounted for Equivalent units work done to date 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 Costo Materials costs Total costs to account for Data Table Physical Units Transferred in Direct Conversion (tons) Costs Materials Costs 95 $ 95.000 $ 0 $ 28,500 100% 0% 40% Work in process, beginning inventory (June 1) Degree of completion, beginning work in process Transferred in during June Completed and transferred out during June Work in process, ending inventory (June 30) Degree of completion, ending work in process Total costs added during June 100% 180,000 $ 0% 50,000 $ 70% 106,000 Print Done