16-6

1. All direct materials are added to products when processing begins. e eparale assumptions, using the weighted average method computed C2 2. Beginning inventory is 40% complete as to materials and cmenon costs. Ending inventory is 75% 3. Beginning inventory is ( complete as to materials and 40% complete as to conversion costs. Ending Check iu Refer to the information in Exercise 16-4 and complete the requirements for each of the three sepurate Exercias 1e complete as to materials and conversion easts imentory is 30% complete as to materials and 60% complete as lo con,ersion costs a e the requirements for each of the three separate Exercise 16- assumptions using the FIFO method for process costing. FIFO: Equiveles computed CA Check jouma The Fields weighted-average method of process costing. At the beginning of the month, the forming department has Weighted avera 25000 units in inventon, 60% complete as to malenals and 40 complete as to conversion costs. The epm- cost per EU ant ning inventory cost of $60,100 consisted of $44.800 of direct material costs and $15,300 of coeverion cost, essigned to outp Company has two manufacturing departments, fonning and painting The company uses the Exercise 16-6 During the month, the forming department staned 300,000 units. At the end of the month, the forming a de artment had 30,000 units in ending inventory, 80% complete as lo materals and 30% complete as to conversion. Units complesed in the forming department are transferred to the painting department Cost information for the forming department is as follows Beginning work in process inventory Direct materials added during the month coveraion added during e month 5 60,100 1,231,200 896.700