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Required information [The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 27,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. The beginning inventory cost of $56,100 consisted of $40,000 of direct materials costs and $16,100 of conversion costs. During the month, the forming department started 320,000 units. At the end of the month, the forming department had 35,000 units in ending inventory, 80% complete as to materials and 40% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department follows. $ Beginning work in process inventory Direct materials added during the month Conversion added during the month 56,100 1,660,000 929, 300 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department. 3. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred to painting and its ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the equivalent units of production for the forming department. Direct Materials Conversion (The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 27,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. The beginning inventory cost of $56,100 consisted of $40,000 of direct materials costs and $16,100 of conversion costs. During the month, the forming department started 320,000 units. At the end of the month, the forming department had 35,000 units in ending inventory, 80% complete as to materials and 40% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department follows. $ Beginning work in process inventory Direct materials added during the month Conversion added during the month 56,100 1,660,000 929,300 Assume that Fields uses the FIFO method of process costing. 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the equivalent units of production for the forming department. Direct Materials Conversion Required information (The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 310,000 units of a product and transferred them to the next department. Of these transferred units, 62,000 were in process in the production department at the beginning of April and 248,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 84,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion. Compute the number of equivalent units with respect to both materials used and conversion used in the first production department for April using the weighted-average method. Equivalent Units of Production - Weighted Average Units % Materials EUP-Materials % Conversion EUP-Conversion Total The production department had $817,858 of direct materials and $689,000 of conversion costs charged to it during April. Also, its April beginning inventory of $159,422 consists of $126,862 of direct materials cost and $32,560 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 3. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Required 1. and 2. Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUPMaterials % Conversion EUP-Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs Costs EUP EUP Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: 0 $ 0.00 Total costs to account for: Total costs accounted for Difference due to rounding cost/unit $ 0.00 Required 3. Cost Assignment and Reconciliation Cost of units transferred out Direct materials Conversion EUP Cost per EUP Total cost Total costs transferred out Costs of ending work in process EUP Cost per EUP $ 0.00 $ 0.00 Total cost $ 0.00 0.00 Direct materials Conversion Total cost of ending work in process Total costs accounted for Required information The following information applies to the questions displayed below. During April, the first production department of a process manufacturing system completed its work on 310,000 units of a product and transferred them to the next department. Of these transferred units, 62,000 were in process in the production department at the beginning of April and 248,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 84,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion. Prepare the number of equivalent units with respect to both materials and conversion costs in the production department for April using the FIFO method. Equivalent Units of Production - FIFO Units % Materials EUP- Materials % Conversion EUP- Conversion Equivalent units of production The production department had $817,858 of direct materials and $689,000 of conversion costs charged to it during April. Also, Its beginning inventory of $159.422 consists of $126,862 of direct materials cost and $32,560 of conversion COSTS 1. Compute the direct materials cost per equivalent unit for April (Round "Cost per EUP to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April (Round "Cost per EUp to 2 decimal places) 3. Using the FIFO method, assign Apir's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP to 2 decimal places.) Equivalent Units of Production (EUP)- FIFO Method Units EUP. EUP- Materials Materials Conversion Conversion 10 Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs Costs EUPEUP TO Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Total costs to account for: Total costs accounted for Difference due to rounding cost/unit S 0.00 Required 3. Assignment of Costs to Output of Department Cost of 62,000 units from beginning inventory Beginning inventory EUD Cost per Total cost EUP S 0.00 EUP Cost per Total cost EUP Total cost $ 1 $ $ 0.00 0.00 0.00 0.00 Materials to complete Conversion to complete Total costs to complete Total cost of 62,000 units in beginning inventory Cost of units started and completed this period Direct materials Conversion costs Total cost of 248,000 units started and completed Total cost of 310.000 units transferred out Costs of units in ending inventory Direct materials Conversion costs Total cost of 84,000 units in ending inventory Total costs assigned Cost per EUP Total cost EUP $ 0.00 $ 0.00 Total cost $ 0.00 0.00 Required information [The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 27,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. The beginning inventory cost of $56,100 consisted of $40,000 of direct materials costs and $16,100 of conversion costs. During the month, the forming department started 320,000 units. At the end of the month, the forming department had 35,000 units in ending inventory, 80% complete as to materials and 40% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department follows. $ Beginning work in process inventory Direct materials added during the month Conversion added during the month 56,100 1,660,000 929, 300 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department. 3. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred to painting and its ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the equivalent units of production for the forming department. Direct Materials Conversion (The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 27,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. The beginning inventory cost of $56,100 consisted of $40,000 of direct materials costs and $16,100 of conversion costs. During the month, the forming department started 320,000 units. At the end of the month, the forming department had 35,000 units in ending inventory, 80% complete as to materials and 40% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department follows. $ Beginning work in process inventory Direct materials added during the month Conversion added during the month 56,100 1,660,000 929,300 Assume that Fields uses the FIFO method of process costing. 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the equivalent units of production for the forming department. Direct Materials Conversion Required information (The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 310,000 units of a product and transferred them to the next department. Of these transferred units, 62,000 were in process in the production department at the beginning of April and 248,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 84,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion. Compute the number of equivalent units with respect to both materials used and conversion used in the first production department for April using the weighted-average method. Equivalent Units of Production - Weighted Average Units % Materials EUP-Materials % Conversion EUP-Conversion Total The production department had $817,858 of direct materials and $689,000 of conversion costs charged to it during April. Also, its April beginning inventory of $159,422 consists of $126,862 of direct materials cost and $32,560 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 3. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Required 1. and 2. Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUPMaterials % Conversion EUP-Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs Costs EUP EUP Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: 0 $ 0.00 Total costs to account for: Total costs accounted for Difference due to rounding cost/unit $ 0.00 Required 3. Cost Assignment and Reconciliation Cost of units transferred out Direct materials Conversion EUP Cost per EUP Total cost Total costs transferred out Costs of ending work in process EUP Cost per EUP $ 0.00 $ 0.00 Total cost $ 0.00 0.00 Direct materials Conversion Total cost of ending work in process Total costs accounted for Required information The following information applies to the questions displayed below. During April, the first production department of a process manufacturing system completed its work on 310,000 units of a product and transferred them to the next department. Of these transferred units, 62,000 were in process in the production department at the beginning of April and 248,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 84,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion. Prepare the number of equivalent units with respect to both materials and conversion costs in the production department for April using the FIFO method. Equivalent Units of Production - FIFO Units % Materials EUP- Materials % Conversion EUP- Conversion Equivalent units of production The production department had $817,858 of direct materials and $689,000 of conversion costs charged to it during April. Also, Its beginning inventory of $159.422 consists of $126,862 of direct materials cost and $32,560 of conversion COSTS 1. Compute the direct materials cost per equivalent unit for April (Round "Cost per EUP to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April (Round "Cost per EUp to 2 decimal places) 3. Using the FIFO method, assign Apir's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP to 2 decimal places.) Equivalent Units of Production (EUP)- FIFO Method Units EUP. EUP- Materials Materials Conversion Conversion 10 Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs Costs EUPEUP TO Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Total costs to account for: Total costs accounted for Difference due to rounding cost/unit S 0.00 Required 3. Assignment of Costs to Output of Department Cost of 62,000 units from beginning inventory Beginning inventory EUD Cost per Total cost EUP S 0.00 EUP Cost per Total cost EUP Total cost $ 1 $ $ 0.00 0.00 0.00 0.00 Materials to complete Conversion to complete Total costs to complete Total cost of 62,000 units in beginning inventory Cost of units started and completed this period Direct materials Conversion costs Total cost of 248,000 units started and completed Total cost of 310.000 units transferred out Costs of units in ending inventory Direct materials Conversion costs Total cost of 84,000 units in ending inventory Total costs assigned Cost per EUP Total cost EUP $ 0.00 $ 0.00 Total cost $ 0.00 0.00