15 24 points 8 01:08:08 Required information Use the following information for the Exercises below. (Algo) [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 and it reports the following unit data for the Forming department. Units completed in the forming department are transferred to the painting department. References Units Beginning work in process inventory 34,000 Direct Materials Percent Complete 75% Conversion Percent Complete 25% Units started this period Completed and transferred out 480,000 474,000 Ending work in process inventory 40,000 80% 30% Production cost information for the forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 55,600 22,500 $ 78,100 1,771,060 1,163,340 2,934,400 $ 3,012,500 Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 a. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. b. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department. c. 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 A Required B Required C Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming department. Costs of beginning work in process Costs added this period Total costs + Equivalent units of production (from part a) Cost per equivalent unit of production Direct Materials Conversion EUP per EUP EUP per EUP