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I need help with my assignment please Exercise 3-6 Weighted average: Cost per EUP and costs assigned to output LO C2 The Fields Company has
I need help with my assignment please
Exercise 3-6 Weighted average: Cost per EUP and costs assigned to output LO C2 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 36,500 units in inventory, 75% complete as to materials and 25% complete as to conversion costs. The beginning inventory cost of $83,100 consisted of $58,600 of direct material costs and $24,500 of conversion cost. During the month, the forming department started 530,000 units. At the end of the month, the forming department had 53,000 units in ending inventory, 90% complete as to materials and 40% 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 83,100 2,045,900 1,445,925 1. Calculate the equivalent units of production for the forming department Direct Materials Conversion 2. Calculate the costs per equivalent unit of production for the forming department. (Round your answer to 2 decimal places.) Direct Materials Conversion EUP EUP 3. 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. (Round your "costs per equivalent unit" to two decimal places and use the rounded answer in further computations.) Cost Assignment and Reconciliation Cost of units transferred out Direct materials Cost per EUP Total cost EUP 513,500 513,500 Conversion Total costs transferred out Costs of ending work in process EUP Total cost Direct materials Cost per EUP 0.00 $ 0.00 0 0 Conversion Total cost of ending work in process Total costs assigned
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