1 B D E 23450 Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method and it reports the following unit data for the Forming department. Units completed in the 4 forming department are transferred to the painting department. 60 Materials Conversion Percent Percent 7 Units Complete Complete 8 Beginning work in process inventory 25,000 60% 40% 9 Units started this period 300,000 10 Completed and transferred out 295,000 100% 100% 11 Ending work in process inventory 30,000 80% 30% 12 13 Production cost information for the forming department follows. 14 15 Beginning work in process 16 Direct materials $44,800 17 Conversion 15,300 $60,100 18 Costs added this period 19 Direct materials 1,231,200 20 Conversion 21 Total costs to account for 896,700 2,127,900 $2,188,000 B D E F 23 Required: 24 a. Calculate the equivalent units of production for both direct materials and conversion for the forming department. 25 26 (Use cells A6 to D21 from the given information to complete this question.) 27 28 Direct Materials Percent Conversion Percent 29 30 Completed and transferred out Units Complete EUP Complete 31 Ending work in process 32 Equivalent units of production 33 EUP 34 b. Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming departmen 35 36 (Use cells A6 to D21 from the given information to complete this question.) 37 38 39 Costs of beginning work in process 40 Costs added this period 41 Total costs 42 + Equivalent units of production (from part a) 43 Costs per equivalent unit of production 44 Direct Materials Conversion EUP per EUP EUP per EUP 45 c. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred 46 to painting and its ending work in process inventory. 47 48 (Use cells A6 to D21 from the given information to complete this question.) 49 50 Cost Assignment and Reconciliation 51 Completed and transferred out EUP Cost per EUP Total cost 52 Direct materials 53 Conversion 54 Total Completed and transferred out 55 Ending work in process EUP Cost per EUP Total cost 56 Direct materials $0.00 57 Conversion $0.00 58 Total cost of ending work in process 59 Total costs accounted for