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 departments outputspecifically, its units transferred to painting and its ending work in process inventory.
Ch.16 Process Costing Exercise Questions i Saved Help Save 4 Required information Part 1 of 2 0.4 points [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 34.500 units in inventory. 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $79,100 consisted of $56,200 of direct materials costs and $22.900 of conversion costs. During the month, the forming department started 490,000 units. At the end of the month, the forming department had 30.000 units in ending inventory. 85% complete as to materials and 35% complete as to conversion. Units completed in the forming department are transferred to the painting department Cost Information for the forming department follows. Skipped eBook Hint Print References Beginning work in process inventory Direct materials added during the month Conversion added during the month $ 79,190 1,800, 200 1,179,000 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 Required 2 Required 3 Calculate the equivalent units of production for the forming department. Direct Materials Conversion Required 1 Required 2 > Required 1 Required 2 Required 3 Calculate the costs per equivalent unit of production for the forming department. (Round your answers to 2 decimal places.) Direct Materials Conversion per EUP per EUP Required 1 Required 2 Required 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. Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost Direct materials Conversion EUP Total costs transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs assigned Total cost 0.00 Cost per EUP $ 0.00 $ 0.00 0.00
