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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.
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 addec evenly during the procock. Suppose that Trendy uses the FIFD matted. The following information for June 2017 is available Click the icon to view the Womation) Head the requirements Requirement 1. Calculate equivalent units of work done in the current period for transferred-in coels, direct materials, and conversion costs) to complele Leiring work in proces, to start and complete new unite, and to produce ending work in process Entera "O" for any zero balances.) Equivalent Unity Physical Units Transtored in Direct Conversion (tons) Costs Materials Costs Work in proces, beginning 30 Data Table Transferred-in curing current period 10111 To account for A B D Completed and transferred out during current period: Physical Units Transferred in Direct Conversion Fram beginning work in process 1 (tons) Costs Materials Costs Started and completed 2 Work in process, beginning inventory (June 11 605 3900015 OS 30,000 Work in process, anding 411 3 Degree of completion, beginning work in process 100% 0% 4 Transferred-in during June 100 Accounted for 5 Completed and transferred out during June 120 Ecuivalent units of work done in current period & Work in process, ending Inventory (June 301 40 7 Degree of completion, ending work in process 100% 0% 75% Requirements Total costs added during June 5 s 108.000$ 27,000 61.200 504 Print Donc 1. Calculate equivaler urils of work done in the current period for transferred in costs, direct matonals, and conversion costs to comalee begring work in process to start and complete new units, and to produce ending work in process 2. Summanze the total costs to account for, and calculate the cast per equivalent unit for transferred-in costs, direct materials, and conversion 0038 3. Assign costs to units completed and transtorted out and to unitsin ending work in proces Print Done
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