There are two separate questions!

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 Information for June 2020 follows 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 "0" for any zero balances) Equivalent Units Physical Units Transferred In Direct Conversion (tons) Costs Materials Costs Work in process, beginning inventory (June 1) 105 160 Transferred in during June To account for Completed and transferred out during June 205 Work in process, ending inventory (June 30) 60 Accounted for Equivalent units work done to date Data Table 1 B D E Physical Transferred In Direct Conversion Units (tons) Costs Materials Costs 105 $ 94,500 $ 0$ 52,500 100% 0% 60% 160 2 Work in process, beginning inventory (June 1) 3 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 205 60 0% 100% 184,500 $ 75% 104,550 $ 56,375 $ Requirements 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. 2. Summarize total costs to account for, and calculate 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. Print Done The assembly division of Fenton Watches, Inc uses the FIFO method of process costing Consider the following data for May 2020 Click the icon to view the data) (Click the icon to view the equivalent unit computation) Requirement Summarize total costs to account for calculate cost per equivalent unit for direct materials and conversion costs, and assign costs to units completed (and transferred out) and to units in ending work in process inventory Begin by summarizing total costs to account for Total Production Costs Direct Materials Conversion Costs Total costs to account for Data Table Conversion Costs $64,500 Physical Units Direct (Watches) Materials Beginning work in process (May 1) 110 $543,000 Started in May 2020 515 Completed during May 2020 465 Ending work in process (May 31) 160 Total costs added during May 2020 $3,690,000 Degree of completion direct materials, 70%, conversion costs, 50% Degree of completion direct materials, 65% conversion costs, 35% $1,211,600 Print Done Reference Equivalent Units Direct Conversion Materials Costs 33 55 Flow of Production Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Equivalent units of work done in current period 355 104 355 56 492 466 Print Done