Chilly Clothing, Inc., is a manufacturer of winter clothes. It has a knilling department and...
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Chilly Clothing, Inc., is a manufacturer of winter clothes. It has a knilling 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. Chilly uses the weighted-average method of process costing. Information for June 2020 follows: (Click the icon to view the information.) X i Data Table Read the requirements. Physical Units (tons) Transferred In Costs Direct Materials Conversion Costs A D E Work in process, beginning Inventory (June 1) Transferred in during June 90 145 B Physical Units (tons) 1 Transferred-In Direct Costs Materials Conversion Costs 235 150 150 150 90 S 81,000 $ 0$ To account for Completed and transferred out during June Work in process, ending Inventory (June 30) 45,000 150 85 85 0 68 100% 0% 50% 235 Accounted for 145 235 150 218 Equivalent units work done to date Work in process, beginning 2 inventory (June 1) Degree of completion, beginning 3 work in process 4 Transferred-in during June Completed and transferred out S during June Work in process, ending Inventory 6 (June 30) Degree of completion, ending 7 work in process B Total costs added during June 150 85 Requirement 2. Summarize total costs to account for, and calculate cost per equivalent unit for transferred-in costs, direct material Begin by summarizing total costs to account for. (Enter a "o" for any zero balances.) Total Production Transferred-In Conversion Costs Costs Direct Materials Costs 100% 0% B0% S 150,000 $ 33,750 $ 78,000 Print Done Total costs to account for Choose from any list or enter any number in the input fields and then click Check Answer. parts 2 remaining Clear All Check
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