Question: Data Table Physical Units (tons) 70 $ Transferred-In Direct Conversion Costs Materials Costs 48,000 $ 0$ 28,000 100% 0% 50% 120 Work in process, beginning

Data Table Physical Units (tons) 70 $ Transferred-In Direct Conversion Costs Materials Costs 48,000 $ 0$ 28,000 100% 0% 50% 120 Work in process, beginning inventory (June 1) Degree of completion beginning work in process Transferred-in during June Completed and transferred out during June Work in process, ending inventory (June 30) Degree of completion, ending work in process Total costs added during June 100% 126,000 $ 0% 35,000 $ 70% 74,200 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. Suppose that Classic uses the FIFO method The following information for June 2017 is available (Click the icon to view the information) Read the requirements WIE ISS, WO SIGNO R W , WIRD WIP Cavaly US) Physical Units (tons) Equivalent Units Transferred-In Direct Costs Materials Conversion Costs Work in process, beginning Transferred-in during current period To account for Completed and transferred out during current period From beginning work in process Started and completed Work in process, ending Accounted for Equivalent units of work done in current period Enter any number in the edit fields and then click Check
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