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 30,000 units in Inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $75,100 consisted of $53,800 of direct materials costs and $21,300 of conversion costs. During the month, the forming department started 450,000 units. At the end of the month, the forming department had 35,000 units in ending inventory, 80% complete as to materials and 40% complete as to conversion. Units completed in the forming department are transferred to the painting department Cost Information for the forming department follows. 75, 100 Beginning work in process inventory Direct materials added during the month Conversion added during the month 1,677,380 1,121, 610 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 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 Required Required 2 3 Calculate the equivalent units of production for the forming department. Direct Materials Conversion 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 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $75,100 consisted of $53,800 of direct materials costs and $21,300 of conversion costs. During the month, the forming department started 450,000 units. At the end of the month, the forming department had 35,000 units in ending inventory, 80% complete as to materials and 40% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost Information for the forming department follows $ 75, 100 Beginning work in process inventory Direct materials added during the month Conversion added during the month 1,677,380 1, 121,610 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 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 Required Required 1 2 3 Calculate the costs per equivalent unit of production for the forming department. (Round your answers to 2 decimal places.) Direct Materials Conversion per EUP per EUP 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 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $75,100 consisted of $53,800 of direct materials costs and $21,300 of conversion costs During the month, the forming department started 450,000 units. At the end of the month, the forming department had 35,000 units in ending inventory, 80% complete as to materials and 40% complete as to conversion. Units completed in the forming department are transferred to the painting department Cost Information for the forming department follows $ 75, 100 Beginning work in process inventory Direct materials added during the month Conversion added during the month 1,677,380 1,121,610 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 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 Required Required 2 3 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 and Reconciliation Cost per Cost of units transferred out EUP EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Total cost EUP Direct materials $ 0.00 0.00 Conversion 0.00 0.00 Total cost of ending work in process Total costs assigned Cost per Pio Wolve manufactures stadium blankets by passing the products through a weaving department and sowing department. The following information is vettle regarding its June wertone Beginning Ending Inventory Inventory Raw materials inventory $ 166,000 $241,000 Work in process inventory Weaving 440,000 360,000 Work in process 580,000 820.000 Inventory Sewing Finished goods inventory 1,266,000 1,406,00 The following additional information describes the company's manufacturing activities for June $ 560,000 3,280,000 210,000 Raw materias purchases con credit) Factory payroll cost (paid in cash) Other factory overhead cost other Accounts credited) Materials used Direct-Weaving Direct-Sewing rect Labor used Direct Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Seving Sales (on credit) $ 274,000 144,000 158,000 $1,250,000 480,000 1,550,000 BON 155 $4,550,000 1. Prepare joumal entries dated June 30 to record(a) raw materials purchases, direct materials usage. It indirect materials usage. (d) direct labor usage. (e) Indirect labor usage. In other overhead costs. (al overhead applied, and I payment of total payroll costs o View transaction list View journal entry worksheet No Transaction General Journal 1 (a) Raw materials inventory Accounts payable Debit Credit 2 (b) Work in process inventory Weaving Work in process inventory Sewing 3 C) Factory overhead Raw materials inventory 4 (d) Work in process inventory Weaving Work in process inventory Sewing 5 1o) Factory overhead Factory wages payable 76 0 Factory overhead Other accounts N 7 (a) Work in process inventory-Weaving Work in process inventory--Sewing 78 b) 3,280.000 Factory wages payable Cash