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 FIFO method of process costing. The information for June 2018 is provided. 2 (Click the icon to view the information.) Required 1. Calculate equivalent units (tonnes) of transferred-in costs, direct materials, and conversion costs. 2. Summarize total costs to account for and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. 3. Assign total costs to units completed (and transferred out) and to units in ending work in process. Note that you first need to calculate the equivalent units of work done in the current period (for transferred-in costs, direct materials, and conversion costs) to complete beginning work in process, to start and complete new units, and to produce ending work in process. Requirement 1. Calculate equivalent units (tonnes) of transferred-in costs, direct materials, and conversion costs. (Enter an amount in each input cell. For accounts with a zero balance, make sure to enter "O" in the appropriate column.) Equivalent Units Physical Units Transferred-in Direct Conversion (tonnes) Costs Materials Costs June 2018 information Work in process, beginning inventory (June 1) 70 140 Transferred in during June Physical Units Transferred-in Direct Conversior To account for (tonnes) Costs Materials Costs Completed and transferred out during June: Work in process, beginning inventory (June 1) 70 $ 77,000 $ 0 $ 28,000 From beginning work in process 70 Degree of completion, beginning work in process 100% 0% 50% Started and completed Transferred in during June 140 65 Work in process, ending inventory (June 30) Completed and transferred out during June 145 Accounted for Work in process, ending inventory (June 30) 65 Work done to date Degree of completion, ending work in process 100% 0% 60% Total costs added during June S 126,440 $ 36,250 $ $ 76,125 Enter any number in the edit fields and then click Check Answer ( Print Print Done Heln Me Solve This e Text Pages Get More Heln