Question

Trendy Clothing, Inc, is a manufacturer of winter clothes. It has a kniting department and a finishing department This exrcise foouses on the finishing department Direct materials ae added at the end of the process Conversion costs ae added evenly during the process. Trendy uses the weighted average method of process costing The following infomation for June 2017 is avalabe l (Click the loog to view the informaion.) Question Help Read the requirements Requirement 1. Caloulate equivalent units of transferred-in costs, direct materials, and conversion costs (Enter a for any zero belances) Equivalent Units Physical Units Transferred-in Direct Conversion (tons) Costs Materials Costs Work in process, beginning inventory (June 1) 60 Transferred in during June 100 To account for Completed and transferred out during June 120 40 Work in process, ending inventory (June 30) Accounted for Equivalent units work done to date

Answer 1

		Equivalent units
	Physical units	Transferred in costs	Direct materials	Conversion costs
Work in process, beginning inventory(June 1)	60
Transferred in during June	100
To account for	160
Completed and transferred out during June	120	120	120	120
Work in process, ending inventory(June 30)	40	40	0	30
Accounted for	160
Equivalent units work done to date		160	120	150