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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 the
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. Beginning work in process inventory Units started this period Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $44,800 15,300 Units Completed and transferred out Ending work in process inventory Production cost information for the forming department follows. 1,231, 200 896,700 25,000 300,000 295,000 30,000 Direct Materials Conversion Percent Complete 60% 80% $ 60,100 2,127,900 $ 2,188,000 Percent Complete 40% 30%
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