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Help Sav Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below The Fields Company has

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Help Sav Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below The Fields Company has two manutacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the mnonth, the forming department has 33,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $76,100 consisted of $54,400 of direct materials costs and $21,700 of conversion costs. During the month, the forming department started 460,000 units. At the end of the month, the forming department had 40,000 units in ending inventory, 85% complete as to materials and 45% complete as to conversion. Units completed in the forming department are transferred to the painting department Cost information for the forming department is as follows: Beginning work in process inventory Direct materials added during the month Conversion added during the month $76,100 1,708,540 1,132,250 ercise 16-6 Weighted average: Cost per EUP and costs assigned to output LO C2 i Prev 1 of 5 Next >

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