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Any and all help would be greatly appreciated! Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method and
Any and all help would be greatly appreciated!
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. 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. 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. Using the weighted average method, assign costs to the forming department's output-speeifically, its units fransferred painting and its ending work in process inventoryStep by Step Solution
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