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field company has two manufacturing department, forming and painting. Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method
field company has two manufacturing department, forming and painting.
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 Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 25,000 605 405 Units started this period 300,000 Completed and transferred out 295,000 Ending work in proceso inventory 30,000 800 300 Production cost information for the forming department follows. Beginning work in process Direct materials $ 44,800 Conversion 15,300 $ 60,100 Costs added this period Direct materials 1,231,200 Conversion 896,700 2, 127,900 Total costs to account for $ 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. Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate the equivalent units of production for both direct materials and conversion for the forming department. Direct Materials Conversion Required A Required B > S 12 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. Complete this question by entering your answers in the tabs below. Sed Required A Required B Required Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming department. mt nt Direct Materials Conversion per EUP per EUP ances Complete this question by entering your answers in the tabs below. Required A Required B Required Using the weighted average method, assign costs to the forming depbrtment's output-specifically, its units transferred to painting and its ending work in process inventory. Cost Assignment and Reconciliation Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Total Completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials $ 0.00 0.00 Conversion $ 0.00 0.00 Total cost of ending work in process Total costs accounted for Step by Step Solution
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