Trendy 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. Trendy uses the weighted-average method of process costing. Information for June 2020 follows: A B C D E Transferred-In Direct Conversion Costs Materials Costs 60 $ 60,000 $ 0 $ 24,000 100% 0% 50% 1 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 Physical Units (tons) 100 120 6 Work in process, ending inventory (June 30) 7 Degree of completion, ending work in process 8 Total costs added during June 40 100% 0% 75% $ 117,000 $ 27,000 $ 62,400 1. 2. 3. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. Summarize total costs to account for, and calculate cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. Assign costs to units completed (and transferred out) and to units in ending work in process. 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 (tons) Costs Direct Materials Conversion Costs Work in process, beginning inventory (June 1) 60 100 Transferred in during June To account for Completed and transferred out during June 120 40 Work in process, ending inventory (June 30) Accounted for Equivalent units work done to date