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Lneaucation.com/tlow/connect.html 21 Virginia et Edit 2010 Chevrole. 0s Car Gunus Dealertrack Technol Roundcube Webma. My Dealer Track- Equifex AuctionAC) ork 3 Saved Required information [The
Lneaucation.com/tlow/connect.html 21 Virginia et Edit 2010 Chevrole. 0s Car Gunus Dealertrack Technol Roundcube Webma. My Dealer Track- Equifex AuctionAC) ork 3 Saved Required information [The following information applies to the questions displayed below o 2 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 32,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $71300 consisted of $51,400 of direct materials costs and $19,700 of conversion costs During the month, the forming department started 410,000 units. At the end of the month, the forming department had 30,000 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 pok Cost information for the forming department is as follows nt Beginning work in process inventory Direct materials added during the month 71,100 1.564,120 Conversion added during the month 1,061,500 rint Assume that Fields uses the FIFO method of process costing 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 answers to 2 decimal places) 31 Next
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