Trendy Clothing, Inc. is a manufacturer of winter clothes. It has a knitting department and a...

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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 as discussed in the required section below. 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: CONVERSION COSTS ARE 50% FOR BEG INVENTORY AND 75% FOR ENDING INVENTORY. Units: bwip 60 transferred in during month 100 completed and transferred out 120 ending inventory (solve for this number) Costs: Prior period costs - direct materials $0 transferred in $60000 conversion costs $24000 costs added this period - direct materials $27,000 transferred in $117,000 conversion costs $62400 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 as discussed in the required section below. 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: CONVERSION COSTS ARE 50% FOR BEG INVENTORY AND 75% FOR ENDING INVENTORY. Units: bwip 60 transferred in during month 100 completed and transferred out 120 ending inventory (solve for this number) Costs: Prior period costs - direct materials $0 transferred in $60000 conversion costs $24000 costs added this period - direct materials $27,000 transferred in $117,000 conversion costs $62400