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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 29,999 ?5% 25% Units started this period 389,999 Completed and transferred out 3?9,999 Ending work in process inventory 39,999 99% 59% Production cost information forthe forming department follows. Beginning work in process Direct materials 5 49,699 Conversion 18,599 5 68,199 Costs added this period Direct materials 1,468,849 Conversion 1,913,?89 2,482,629 Total costs to account for $ 2,55BJT29 Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 a. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. b- Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department c. Using the weighted average method, assign costs to the forming department's outputspecifically, its units transferred to painting and its ending work in process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the equivalent units of production for both direct materials and conversion for the forming department. Required B ) Required C Required. i RequiredB Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming department. Costs of beginning work in process Costs added this period Total costs + Equivalent units ofproduotion (from part a} ( RequiredA RequiredC ) Cost per equivalent unit of production Required A Required B Required C Using the weighted average method, assign costs to the forming department's outputspecically, its units transferred to painting and its ending work in process inventory. Completed and transferred out Cost per EUP Total cost Direct materials Conversion Total Completed and transferred out Ending work in process Cost per EUP cost Direct materials 35 [1.00 [1.00 Total 0 [It] 0 DE] Conversion Total costs accounted forStep by Step Solution
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