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Cool 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. Cool 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. Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. (Enter a "0" for any zero balances.) Equivalent Units Work in process, beginning inventory (June 1) Transferred in during June To account for Completed and transferred out during June Work in process, ending inventory (June 30) Accounted for Equivalent units work done to date Physical Units (tons) 90 145 185 50 Transferred-In Costs Direct Materials Conversion Costs Data table 1 2 Work in process, beginning inventory (June 1) Degree of completion, beginning work in process Transferred-in during June A 3 4 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 Complete Work in p Accounte Equivalen Requirements C D B Physical Units Transferred-In Direct (tons) Costs Materials 90 $ 145 185 50 $ 99,000 $ 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. 100% 100% 185,000 $ 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. X 0 $ 0% 0% 50,875 $ E Conversion Costs 36,000 50% 70% 96,200 X

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