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.

	Units	Direct Materials	Conversion
		Percent Complete	Percent Complete
Beginning work in process inventory	25,000	60%	40%
Units started this period	300,000
Completed and transferred out	295,000
Ending work in process inventory	30,000	80%	30%

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 departments outputspecifically, its units transferred to painting and its ending work in process inventory.

Calculate the equivalent units of production for both direct materials and conversion for the forming department.

	Units	Direct Materials		Conversion
		Percent Complete	EUP	Percent Complete	EUP
Completed and transferred out	295,000	100%	295,000	100%	295,000
Ending work in process	30,000	80%	24,000	30%	9,000
			319,000		304,000

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	$44,800		$15,300
Costs added this period	1,231,200		896,700
Total costs	$1,276,000		912,000
Equivalent units of production (from part a)		EUP		EUP
Cost per equivalent unit of production	$4.00	per EUP	$3.00	per EUP

Required B

Required C

Using the weighted average method, assign costs to the forming departments outputspecifically, 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	295,000	$4.00	$912,000.00
Conversion	295,000	$3.00	912,000.00
Total Completed and transferred out				$1,824,000.00
Ending work in process	EUP	Cost per EUP	Total cost
Direct materials	24,000	$4.00	96,000.00
Conversion	9,000	$3.00	27,000.00
				123,000.00
Total costs accounted for				$1,947,000.00