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CH 16 Homework 1 Required information 6 points Skipped Saved [The following information applies to the questions displayed below.] Fields Company has two manufacturing
CH 16 Homework 1 Required information 6 points Skipped Saved [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. eBook Hint Units Print Beginning work in process inventory. 30,000 Direct Materials Percent Complete 658 Conversion Percent Complete 35% Units started this period 300,000 References Completed and transferred out 295,000 Ending work in process inventory 35,000 90% 20% 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 $ 45,000 16,000 $ 61,000 1,261,000 890,000 2,151,000 $ 2,212,000 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. Help Save & Exit Submit Check my work Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the equivalent units of production for both direct materials and conversion for the forming department. Completed and transferred out Ending work in process Direct Materials Conversion Units Percent Complete EUP Percent Complete EUP < Required A Required B > 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 EUP per EUP per EUP < Required A Required C > Complete this question by entering your answers in the tabs below. Required A Required B Required 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. Cost Assignment Completed and transferred out Direct materials Conversion Total Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP Total cost EUP Cost per EUP Total cost $ 0.00 0.00 $ 0.00 0.00 < Required B Required C
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