SCUIU U U 3 pts 565 (3 comples E17-32 (similar to) Question Help 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 m (Click the icon to view the information.) Read the requirements i Data Table Physical Units (tons) 80 $ Transferred-In Direct Conversion Costs Materials Costs 57,000 $ 0 $ 40,000 100% 5096 09 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 096 100% 160,000 $ 6096 81,600 40,000 $ Done U USU ula Classic uses the FIFO method. The following Requirements 1. Calculate 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. 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