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. Units Direct Materials Percent Complete Conversion Percent Complete Beginning work in process inventory 28,000 70% 30% Units started this period 370,000 Completed and transferred out 358,000 40,000 858 456 Ending work in process inventory 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 $ 49,000 18,100 $ 67,100 2,437,700 1,440,600 997,100 $ 2,504,800 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. Required A Required B Required C Calculate the equivalent units of production for both direct materials and conversion for the forming department. Direct Materials Conversion Units Percent Percent EUP EUP Complete Complete Completed and transferred out 358,000 70% 250,600 30% 75,180 Ending work in process 40,000 85%O 34,000 50% 17,000 284,600 92,180 Required A Required B > Required A Required B Required C Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming department. Costs of beginning work in process Direct Materials $ 49,000 ( Conversion $ 18.100 Costs added this period 1,440,600 ( 997,100 S Total costs 1,015,200 1,489,600 +Equivalent units of production (from part a) 284,600 EUP 92,180 EUP per per Cost per equivalent unit of production S 5.23 $ 11.01 EUP EUP Required A Required B Required 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. Cost Assignment Completed and transferred out EUP Cost per EUP Total cost Direct materials 358,000 $ 5.23 O Conversion 358,000 11.01 Total Completed and transferred out Cost per Ending work in process EUP Total cost EUP Direct materials Conversion $ 5.23 0.00 $ 11.01 0.00 Total costs accounted for