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 Percent 6mplete 70% Conversion Percent Complete 30% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 33,500 470,000 468,500 35,000 90% 50% Production cost information for the forming department follows. $ 55,000 22,100 $ 77,100 Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,745,000 1,154,020 2,899,020 $ 2,976,120 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 C Calculate the equivalent units of production for both direct materials and conversion for the forming department. Units Direct Materials Percent EUP Complete 100% 468,500 Conversion Percent EUP Complete 100% 468 500 Completed and transferred out Ending work in process 468 500 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 paintin and its ending work in process inventory. Complete this question by entering your answers in the tabs below. es Required A Required irer Required c Calculate the costs per er Required B bf production for both direct materials and conversion for the forming department. Direct Materials Conversion Costs of beginning work in process Costs added this period Total costs EUP - Equivalent units of production (from part a) Cost per equivalent unit of production EUP per EUP per EUP 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 paintir and its ending work in process inventory. Complete this question by entering your answers in the tabs below. s Required A Required B Required 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. Cost Assignment 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 S 0.00 0.00 Conversion S 0.00 0.00 Total costs accounted for
