1 5 points The 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 29,000 units in Inventory, 75% complete as to materials and 25% complete as to conversion costs. The beginning Inventory cost of $68.100 consisted of $49,600 of direct materials costs and $18,500 of conversion costs. During the month, the forming department started 380,000 units. At the end of the month, the forming department had 30,000 units In ending Inventory. 90% complete as to materials and 50% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost Information for the forming department is as follows: eBook 8 Hint Beginning work in process inventory Direct materials added during the month Conversion added during the month $ 68,1ee 1,468,840 1,813,780 Exercise 20-6 Weighted average: Cost per EUP and costs assigned to output LO C2 1 Calculate the equivalent units of production for the forming department. Direct Materials Conversion 2 Calculate the costs per equivalent unit of production for the forming department Direct Materials Conversion per EUP per EUP 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. EUP Cost per EUP Total cost Cost Assignment and Reconciliation Cost of units transferred out Direct materials Conversion Total costs transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs assigned EUP Cost per EUP Total cost 2 5 DO Required information Use the following Information for the Exercises below. [The following Information applies to the questions displayed below.] The following partially completed process cost summary describes the July production actives of Ashed Company. Its product on output is sent to its warehouse for shipping. All direct materials are added to products when processing begin.. Beginning work in process inventory: 20% complete with respect to conversion Direct Equivalent units of Production Materials Conversion units transferred out 37. EUP 37,860 EUP units of ending work in process 4,580 EUP 2.00 EUP Equivalent units of produktion 41,58 EUP 30,200 EUP === Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials Conversion $ 4,888 431.250 237,200 $ 47,180 $ 242,12 = units in beinning work in process (all completed during uly units started this period units completed and transferred out units in ending work in process 4, a 37.See 37.00 4,500 Exercise 20-12 Weighted average: Completing a process cost summary LO C3 Prepare its process cost summary using the weighted-sverage method (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production Total costs to account for Total costs accounted for alted to "Difference due to rounding count Unit Reconollation Junits to account for Total units to account for Total units account for Total units accounted for Equivalent units of Production (EUP). Waighted Average Method Units * Materials EUP-Material 56 Conversion EUP. Conversion Equivalent units of production Coct per EUP Materials Conversion Costs EUP Costs EUP Total costa *Equivalent units of production Cost per equivalent unt of production Cost Acsignment and Reconciliation Cost transformada EUP Cost per EUP Total oost EUP Cost pe EUP Total cost Direct materials Conversion Total transfered out Costs of and no work in process Direct materials Conversion Total ending work in proces Total costs accounted for