Exercise 20-7A FIFO: Costs per EUP LO C4 Assurme that Fic cs uss he FIFO methad of proces Use the following information for the Exercises below. The folowing information applies to the questions displayed beiow,) 1. Calcu ate the: squivalert units of prcduct on for the forrming departmient. 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 30,000 units in inventory, 60% complete as to materials and 40% compete is to conversion costs. The beginning inventory cost af S75100 consisted of $53,900 of direct materials costs and $21,300 af conversion costs Cirect Malerials Corwaraion During the month, the forming department started 450,000 units. At the end of the month, the forming department had 35,000 units in ending inventory, 80% complete as to materials end 40% complete as to conversion. Units completed in the forming department are transferred to the painting department earch Cost information for the forming department is as follows 2. Direct saterials added during tbe noeth Celculete the costs per equivalent unit of precuction for the foming department ,121,62 Dred Materials per ELP Exercise 20-6 Weighted average: Cost per EUP and costs assigned to output LO C2 Conversian por ELP Calculate the equilvalent units of production for the forming department 3. Using the weignted-average rethod, assign CDs s to the forming depar rnent's autput its endis wok In process inventory Direct Materas steelfica y its units transferred to priting tend Cust of urits ransferred cut EUP Cost per EUP Total cost Direal mgleriss Tctal coats transferned cut Costs of ending work in process EUP Cost per EUP Total cost 0.00 0.00 Tctal coat af ending work in process Total costs asgred