Ch.16 Process Costing Exercise Questions i Saved Help Save & Exit Submit Check my work 4 Required Information [The following information applies to the questions displayed below.] Part 1 of 2 0.4 points Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 29,000 units In Inventory, 75% complete as to materials and 25% complete as to conversion costs. The beginning Inventory cost of $68,100 consisted of $49,600 of direct materials costs and $18,500 of conversion costs. During the month, the forming department started 380,000 units. At the end of the month, the forming department had 30,000 units In ending Inventory, 90% complete as to materials and 50% complete as to conversion. Units completed in the forming department are transferred to the painting department eBook Cost Information for the forming department follows. Hint Beginning work in process inventory Direct materials added during the month Conversion added during the month $ 68,1ee 1,468,840 1,813,780 References 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department. 3. Using the welghted-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. Required 1 Required 2 Required 3 Calculate the equivalent units of production for the forming department. Direct Materials Conversion Ch.16 Process Costing Exercise Questions Saved Help Save & Exit Submit Check my work 4. Required Information Part 1 of 2 [The following information applies to the questions displayed below.] 0.4 points Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 29,000 units in Inventory, 75% complete as to materials and 25% complete as to conversion costs. The beginning Inventory cost of $68,100 consisted of $49,600 of direct materials costs and $18,500 of conversion costs. During the month, the forming department started 380,000 units. At the end of the month, the forming department had 30,000 units In ending Inventory, 90% complete as to materials and 50% complete as to conversion. Units completed in the forming department are transferred to the painting department. eBook Cost Information for the forming department follows. Hint Beginning work in process inventory Direct materials added during the month Conversion added during the month $ 68,1ee 1,468,840 1,813,780 Print O References 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department. 3. Using the welghted-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. Required 1 Required 2 Required 3 Calculate the costs per equivalent unit of production for the forming department. (Round your answers to 2 decimal places.) Direct Materials per EUP per EUP Conversion Ch.16 Process Costing Exercise Questions i Saved Help Save & Exit Submit Check my work 4 Required Information [The following information applies to the questions displayed below.] Part 1 of 2 Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 29,000 units in Inventory, 75% complete as to materials and 25% complete as to conversion costs. The beginning Inventory cost of $68,100 consisted of $49,600 of direct materials costs and $18,500 of conversion costs. 0.4 points During the month, the forming department started 380,000 units. At the end of the month, the forming department had 30,000 units in ending Inventory, 90% complete as to materials and 50% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost Information for the forming department follows. eBook Hint Beginning work in process inventory Direct materials added during the month Conversion added during the month $ 68,102 1,468,840 1,813,780 Print r References 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department. 3. Using the welghted 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. Required 1 Required 2 Required 3 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 and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out EUP Costs ending work in process Direct materials Conversion Total cost of ending work in process Total costs assigned Cost per EUP S 0.00 S 0.00 Total cost 0.00 0.00
