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Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the

Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 27,000 units in inventory, 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $63,200 consisted of $47,200 of direct materials costs and $16,000 of conversion costs. During the month, the forming department started 339,000 units. At the end of the month, the forming department had 40,000 units in ending inventory, 85% complete as to materials and 35% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department follows.

Beginning work in process inventory $ 63,200
Direct materials added during the month 1,349,600
Conversion added during the month 956,400

1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department. 3. Using the weighted-average method, assign costs to the forming departments outputspecifically, its units transferred to painting and its ending work in process inventory.

Part 1

Direct Materials _______

Conversion ________

Part 2

Direct Materials ______ per EUP

Conversion ___________ per EUP

Part 3

image text in transcribed

J. Uungu WILLUULULUTO, IL U UPUCIJUYUL JPELICU. IL and its ending work in process inventory. X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the weighted average method, assign costs to the forming department's output-specifically, its units tra painting and its ending work in process inventory. Cost Assignment and Reconciliation EUP Cost per EUP Total cost Cost of units transferred out Direct materials Conversion Total costs transferred out EUP Cost per 1 FUP Total cost 0.00 0.00 Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs assigned 0.00 0.00 Required 2

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