the cor 0 Data Table curred - equival Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 95 $ 95,000 $ 0 $ 28,500 100% 0% 40% nent 3 Ind your to the 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 ont of 100% ed and 0% 50,000 $ 70% 106,000 180,000 $ process ts to ad Print Done Trendy Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a finishing department. This exercise focuses on the fir Direct materials are added at the end of the process. Conversion costs are added evenly during the process. Trendy uses the weighted-average 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 "O" for any zero balances) Physical Units (tons) Equivalent Units Transferred-In Direct Costs Materials Conversion Costs Work in process, beginning inventory (June 1) Transferred in during June 155 To account for Completed and transferred out during June Work in process, ending inventory (June 30) 50 35 250 Accounted for Equivalent units work done to date 50 200 235 Requirement 2. Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct materials, and Begin by summarizing the total costs to account for. (Enter a "O" for any zero balances.) Work in process, beginning Costs added in current period Total Transferred-In Production Costs Costs $ 123,500 $ 95,000 $ 336.000 180,000 459,500 $ 275,000 $ Direct Conversion Materials Costs OS 28,500 50,000 106,000 50,000 $ 134,500 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) Costs incurred to date Transferred-In Direct Conversion Costs Materials Costs $ 275,000 $ 50,000 $ 134,500 250 235 1,100.00 $ 250.00 $ 572.34 Divide by Equivalent units of work done to date 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 balanced answers to the nearest whole dollar) Conversion Total Production Costs Transferred-In Costs Direct Materials Costs Assignment of costs: Completed and transferred out Work in process, ending Total costs to account for