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How can I calculate the cost per equivalent unit of production? Required information {The foiioudng information applies to the questions dispiayed bt-JFDWL} The Fields Company

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How can I calculate the cost per equivalent unit of production?

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Required information {The foiioudng information applies to the questions dispiayed bt-JFDWL} The Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month. the forming department has 29,000 units in inventory. 75% complete as to materials and 25% complete as to conversion oosts. The beginning inventory oost of $68,100 consisted of $49,600 of direct materials costs and $18,500 of conversion costs. During the month, the forming department started 380,000 units. At the end of the month, the forming department had 30,000 units in ending inventory, 90% complete as to materials and 50% 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 3: 63,100 Direct materials added during- the month 1,463,940 Conversion added during the month 1,013,?30 \\ 1. Calculate the equivalent units of production for the forming department. Direct Materials I l Conversion 2. Calculate the costs per equlvalent unit of productlon for the forming department. Using the weighted-average method. assign costs to the forming department's outputspecically. Its unlts transferred to painting and its ending work in process inventory. Cost ofunits transferred out Direct materials Conversion Total costs transferred out Costs o'i ending work in prooess Cost per EUP $ 0.00 0.00 $ 0.00 0.00 Direct materials Conversion Total cost of ending work in process Total costs assigned

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