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Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average Fields Company has two manufacturing departments, forming and painting. The
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average 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.
Production cost information for the forming department follows.
Beginning work in process
Direct materials
Conversion
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 outputspecifically, its units transferred to
painting and its ending work in process inventory.
Complete this question by entering your answers in the tabs below.
Required E
Required C
Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming department. Production cost Information for the forming department follows.
a Calculate the equivalent units of production for both direct materlals 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 outputspecifically, Its units transferred to
palnting and its ending work in process inventory.
Complete this question by entering your answers in the tabs below.
Using the weighted average method, assign costs to the forming department's outputspecifically, its units transferred to
painting and its ending work in process inventory. Oslo Company produces large quantities of a standardized product. The following information is available for the first production
department for May. Prepare a production cost report for this process using the weighted average method.
Note: Round "Cost per EUP" to decimal places.tableEquivalent Units of Production,,,,,Cost per equivalent unit of production,,,Direct Materials,,ConversionTotal costs,,Costs,,Costs,: Equivalent units of production,,EUP,,EUP,Cost per equivalent unit of production roLCost Assignment,,,,,Completed and transferred out,EUP,Cost per EUP,Total cost,,Direct materials,,,,,ConversionEnding work in process,EUP,Cost per EUP,Total cost,,Direct materials,,,,,ConversionTotal costs accounted for,,,,,
method and it reports the following unit data for the Forming department. Units completed in the forming department are
transferred to the painting department.
Production cost information for the forming department follows.
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 outputspecifically, 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
Calculate the equivalent units of production for both direct materials and conversion for the forming department.
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