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a. Calculate the number of units started and completed this period for the Forming department. b. Calculate the equivalent units of production for both direct
a. Calculate the number of units started and completed this period for the Forming department. b. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. c. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department.
1 Required information [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. Beginning work in process inventory Units started this period Beginning work in process Direct materials Completed and transferred out Ending work in process inventory Production cost information for the forming department follows. Conversion Costs added this period Direct materials Conversion Total costs to account for $ 44,800 15,300 Required A 1,231, 200 896,700 Required B Required C Units 25,000 300,000 295,000 30,000 Direct Materials Percent Complete 60% 80% Required A $ 60,100 Complete this question by entering your answers in the tabs below. 2,127,900 $ 2,188,000 Assume that Fields uses the FIFO method of process costing. a. Calculate the number of units started and completed this period for the Forming department. b. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. c. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department. Conversion Percent Complete 40% 30% Calculate the number of units started and completed this period for the Forming department. Units started and completed Required B > Required A Required B Required C Calculate the equivalent units of production for both direct materials and conversion for the Forming department. Direct Materials Conversion Beginning work in process Started and completed Ending work in process Units Percent Added EUP Required A Required B Required C Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department. (Round your answers to 2 decimal places.) Costs added this period + Equivalent units of production (from part b) Cost per equivalent unit of production Direct Materials Conversion EUP per EUPStep by Step Solution
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