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Fields Company has two manufacturing departments, Forming and Painting. The company uses the weighted average method and reports the following unit data for the
Fields Company has two manufacturing departments, Forming and Painting. The company uses the weighted average method and 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 37,000 Percent Percent Complete Complete 80% 20% Units started this period 540,000 Completed and transferred out 537,000 Ending work in process inventory 40,000 80% 30% Production cost information for the Forming department follows: Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Required: $ 59,200 24,900 $ 84,100 3,203,640 $ 3,287,740 1,949,370 1,254,270 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. Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect
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