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i need help on this problem. Required information The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and
i need help on this problem.
Required information The following information applies to the questions displayed below.) 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. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 25,000 608 401 Units started this period 300,000 Completed and transferred out 295,000 Ending work in process inventory 30,000 808 305 Production cost information for the forming department follows. Beginning work in process Direct materials $ 44,800 Conversion 15,300 $ 60,100 costs added this period Direct materials 1,231,200 Conversion 896,700 2,127,900 Total cost to account for $ 2,188,000 assume that Fields uses the FIFO method of process costing CO nt units of Assume that Fields uses the FIFO method of process costing a. Calculate the number of units started and completed this period for the Forming department b. Calculate the equivalent units of production for both direct materials and conversion for the Forming department c. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate the equivalent units of production for both direct materials and conversion for the Forming department. Direct Materials Conversion Assume that Fields uses the FIFO method of process costing. a. Calculate the number of units started and completed this period for the Forming department b. Calculate the equivalent units of production for both direct materials and conversion for the Forming department c. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate the number of units started and completed this period for the Forming department. Units started and completed Required A Required 8 > Talent units Step by Step Solution
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