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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
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 Units Beginning work in process inventory Units started this period 25,000 300,000 Percent Complete 60% Percent Complete 40% Completed and transferred out 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 1,231,200 896,700 2,127,900 $ 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. Cusing the weighted average metnog assign cOSIS TO the forming genartmenT'S OUTDUTSNECITICALIV. ITS LINITS transferred to nainting ! Required information 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. Completed and transferred out Ending work in process Direct Materials Conversion Units Percent Complete EUP Percent Complete EUP 100% 30,000 80% < Required A Required B > ! Required information Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the costs per equivalent unit of 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 $ 44,800 1,231,200 $ 15,300 896,700 $ 1,276,000 912,000 + Equivalent units of production (from part a) EUP EUP Cost per equivalent unit of production per EUP per EUP < Required A Required C > ! Required information Complete this question by entering your answers in the tabs below. 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 Direct materials Conversion Total Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP Total cost EUP Cost per EUP Total cost $ 0.00 0.00 0.00 0.00
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