Exercise 16-6 Weighted average: Cost per EUP and costs assigned to output C2 The 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 25,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $60,100 consisted of $44,800 of direct materials costs and $15,300 of conversion costs. During the month, the forming department started 300,000 units. At the end of the month, the forming department had 30,000 units in ending inventory, 80% complete as to materials and 30% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department is as follows: Page 749 Beginning work in process inventory ................... Direct materials added during the month................ Conversion added during the month.................... $ 60,100 1,231,200 896,700 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 weighted average method, assign costs to the forming department's output-specifically, its units transferred to painting and its ending work in process inventory. Direct Materials Conversion Equivalent units of production-Weighted average Units completed and transferred out Jnits of ending work in process Direct materials Conversion Equivalent units of production Cost per equivalent unit-Weighted average Direct Materials Conversion Costs of beginning work in process Costs incurred this period Total costs Equivalent units of production (from part 1) Dost per equivalent unit of production Post assignment-Weighted average Posts of units transferred out Direct materials Conversion Total costs transferred out Posts of ending work in process Direct materials Conversion Total costs of ending work in process Total costs assigned