Problem 1: 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. Beginning Work in Process Inventory Units Started this Period Completed and Transferred Out Ending Work in Process Inventory Units Direct Materials Conversion Percent Complete 25,000 60% Percent Complete 40% 300,000 295,000 30,000 80% 30% Production cost information for the Forming department follows. Beginning Work in Process Direct Materials Conversion Costs Added this Period Direct Materials Conversion Total Costs to Account for 44,800 15,300 60,100 1,231,200 896,700 2,127,900 2,188,000 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 output- specifically, its units transferred to Painting and its ending work in process inventory. a. Equivalent units of production: Weighted average method Completed and transferred out Ending work in process Direct Materials Percent Conversion EUP Percent EUP Units Complete Complete