Alure Clathing Inc is a manufacturer af winter dlathes It ha

Alure Clathing, Inc., is a manufacturer af winter dlathes. It has a knitting department and a finishing department. This exercise focuses on the firishing department. Direct materials are added at the end of the process. Conversion costs are added evenly during the process Alure uses the weighted-average method of prccess costing. The fellowing information for June 2017 is avalable. lick the icon to view the information.) Data Table Read the requirements. Traris errea in auring To account for Completed and transferred out during June Work in process, ending invenlory (June 30) Accounted for Equivalant units work done to date Requircment 2. Summarize the total costs 1o Bccount for, and calculate the cost per equivalent unit for transferred-in costs Begin by summarizing the total costs to account for. Enter a \"* for any zero balances.) Physical Units Transferred-In Direct Conversion 135 135 136 135 Costs 76,500 100% Work in proo8ss, beginning inventory (June 1) 0$42,500 80% Degree of completion, beginning work in process Transferred-in during June Completed and transferred out during Junc Work in prooess, ending inventory (June 30) 0% 125 135 75 180 Degree af completion, ending work in process Total costs added d 0% 80% 135,000 $ 37,125 70,875 Total Direct Production Costs 119000 243000 Work in process, beginning Costs added in current period Tatal costs to account for Calculate the cost per equivalent unit for transferred-in costs, direct materials and conversion costs. (Round your answers to the naarest cent.) 42500 Print Done 35000 37125 70B75 211500 37125 113375 Direct Costs added in current period Divide by Equivalent units of work done to date Cost per equivalent unit Requirement 3. Assign costs to units completed (and transferred out) and to units in ending work in process. (Ener a·D\" for any zero balances. Round your answers to the nearest whole dolar.) 211500 37126 135 180 1007.14 275 629.86 Production Costs Material:s Assignment of costs:

Solution

UNITS TO ACCOUNT FOR: Beginning Work in Process units 85.00 Add: Units Started in Process 125.00 Total Units to account for: 210.00 UNITS TO BE ACCOUNTED FOR: Units started and completed 135.00 Ending Work in Process 75.00 Total Units to be accounted for: 210.00 Equivalent Units: UNITS Transferred in Cost Material Cost Conversion Cost % Completion Units % Completion Units % Completion Units Units started annd completed 135 100% 135.00 100% 135.00 100% 135.00 Ending Work in Process 75 100% 75.00 0% 0.00 60% 45.00 Total Equivalent units 210.00 135.00 180.00 TOTAL COST TO ACCOUNT FOR: Transferred-in Material Conversion Beginning work in Process 76,500 0 42,500 Cost Added during May 135,000 37,125 70,875 Cost added during the period 211,500 37,125 113,375 Equivalent Units 210.00 135.00 180.00 Cost per Equivalent unit 1007.14 275.00 629.86 TOTAL COST ACCOUNTED FOR: Units started and Completed and Transferred out (135 units) Equivalent unit Cost per EU Total Cost Transferred-in cost 135 1007.14 135963.9 Material cost 135 275 37125 Conversion Cost 135 629.86 85031.1 Total Cost of Units completed and transferred out: 258120 Ending Work in Process (75 units) Equivalent unit Total Cost Transferred-in cost 75.00 1007.14 75535.5 Material cost 0.00 275 0 Conversion Cost 45.00 629.86 28343.7 Total cost of Ending Work in process: 103,879 Total Cost accounted for: 361,999