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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
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 Percent Complete Complete 60% 40% Completed and transferred out 295,000 Ending work in process inventory 30,000 Bex 30% Production cost information for the forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials $ 44,800 15,300 $ 60,100 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 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 EUP Complete Percent Complete EUP Activate Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming department. Costs of beginning work in process Costs added this period Total costs Equivalent units of production (from part a) Cost per equivalent unit of production Ofrect Materials Conversion EUP per EUP EUP per EUP 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. 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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