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Ch 16 Homework Help eve &EiSubmit Check my work 2 Required information Use the following information for the Exercises below. [The following onlarmaton appies to
Ch 16 Homework Help eve &EiSubmit Check my work 2 Required information Use the following information for the Exercises below. [The following onlarmaton appies to the questions displayed below The Fields Company has two manufacturing departments, forming and painting The company uses the weighted-average method of process costing At the Oeginning of the month, the forming department has 35,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of S80.100 consisted of $56,800 of direct materials costs and S23,300 of conversion costs. During the month, the forming department started 500,000 units. At the end of the month, the forming dlepartment had 40.000 units in ending inventory. YO% comoete as to materials and 40% complete as to conversion. Units completed in the forming department are transterred to the painting department. Cost information for n for the forming department is as follows S 88.183 1,528,239 1,192,880 Rederences oirect nsterisls added during the month Conversion added during the month Exercise 16-6 Weighted average: Cost per EUP and costs assigned to output LO C2 Calculate the equivalent units of production tor the oming department. Dircct Materials 535 000 Conversion 511.000 Ch 16 Homework Help Sove Exit Submit Check my work Required information panm 2. Cakculate the costs per equvalent unit of production for the formling department Direct Melei Conversion 3.52per EUP 5 238perEUP Py nt Dcferences3. Using the weighted average method, assign costs to the forming cepartment's output-specifically, its units transferred to painting and its ending work in process inventory EUP Cast per EUP Total cost Direct msterials Converaion Total costs trancfarrad out Costs of encing work in process EUP Cost per EUP Total cost Direct maternals 0.00 lotal cost ot endng work in process Total costs asigned
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