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And Cost per equivalent unit of materials , Cost per equivalent unit of conversion costs are not 4 and 3 dollars either. Required information [The
And Cost per equivalent unit of materials, Cost per equivalent unit of conversion costs are not 4 and 3 dollars either.
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. Production cost information for the forming department follows. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the number of units started and completed this period for the Forming department. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department. Note: Round your answers to 2 decimal placesStep by Step Solution
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