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

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Classic 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. Classic uses the weighted-average method of process costing. The following information for June 2017 is available. (Click the icon to view the information.) Read the requirements. Data table A B C D E Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. (Enter a "0" for any zero balances.) Physical Units Transferred-In 1 (tons) Costs Direct Materials Equivalent Units 2 Work in process, beginning inventory (June 1) 90 $ 81,000 $ Conversion Costs 0 $ 45,000 Physical Units Transferred-In (tons) Costs Direct Materials Conversion Costs 3 Work in process, beginning inventory (June 1) Transferred in during June 90 135 To account for Completed and transferred out during June 180 45 Work in process, ending inventory (June 30) Accounted for 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 100% 0% 50% 135 180 45 100% $ 180,000 $ 0% 40,500 $ 60% 91,800 Equivalent units work done to date Requirements 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. 2. Summarize the total costs to account for, and calculate the 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 Classic 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. Classic uses the weighted-average method of process costing. The following information for June 2017 is available. (Click the icon to view the information.) Read the requirements. Data table A B C D E Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. (Enter a "0" for any zero balances.) Physical Units Transferred-In 1 (tons) Costs Direct Materials Equivalent Units 2 Work in process, beginning inventory (June 1) 90 $ 81,000 $ Conversion Costs 0 $ 45,000 Physical Units Transferred-In (tons) Costs Direct Materials Conversion Costs 3 Work in process, beginning inventory (June 1) Transferred in during June 90 135 To account for Completed and transferred out during June 180 45 Work in process, ending inventory (June 30) Accounted for 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 100% 0% 50% 135 180 45 100% $ 180,000 $ 0% 40,500 $ 60% 91,800 Equivalent units work done to date Requirements 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. 2. Summarize the total costs to account for, and calculate the 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