1 Physical Units Transferred-In Costs Direct Materials Conversion Costs (tons) 2 Work in process, beginning inventory (June 1) 60 $51,000 $0 $24,000
3 Degree of completion, beginning work in process 100% 0% 50%
4 Transferred-in during June 100
5 Completed and transferred out during June 120
6 Work in process, ending inventory (June 30) 40
7 Degree of completion, ending work in process 100% 0% 75%
8 Total costs added during June $120,000 $33,000 $63,600
Requirements:
Calculate equivalent units of transferred-in costs, direct materials, and conversion costs Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. Assign costs to units completed (and transferred out) and to units in ending work in process.

The amberssen specialty company is a chain of twelve retail stores that sell a variety of imported gift items, gourmet chocolates, cheeses, and wines in the toronto area. amberssen has an is staff of three people who have created a simple but effective information system of networked point-of-sale registers at the stores and a centralized accounting system at the company head- quarters. harry hilman, the head of amberssens is group, has just received the following memo from bill amberssen, sales director (and son of amberssen’s founder). harry—it’s time amberssen specialty launched itself on the internet. many of our competitors are already there, selling to customers without the expense of a retail storefront, and we should be there too. i project that we could double or triple our annual revenues by selling our products on the internet. i’d like to have this ready by - giving, in time for the prime holiday gift-shopping season. bill after pondering this memo for several days, harry scheduled a meeting with bill so that he could clarify bill’s vision of this venture. using the standard con- tent of a system request as your guide, prepare a list of questions that harry needs to have answered about this project.