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Chapter 3: Homework Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It
Chapter 3: Homework Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 3 Part 1 of 2 1.42 points ! 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. Units Beginning work in process inventory Units started this period Completed and transferred out 25,000 300,000 Direct Materials Percent Complete 60% Conversion Percent. Complete 40% 295,000 30,000 80% 30% Ending work in process inventory. 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 $ 44,800 15,300 $ 60,100 2,127,900 1,231,200 896,700 $ 2,188,000 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 Return to question
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