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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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Flelds 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. a. Calculate the equivalent units of production for both difect materias anc 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. Complete this question by entering your answers in the tabs below. 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

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