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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
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. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process 33,000 65% 35% inventory Units started this period 460,000 Completed and transferred 453,000 out Ending work in process 40,000 85% 45% inventory Production cost information for the forming department follows. Beginning work in process Direct materials $ 54,400 Conversion Direct materials Conversion 21,700 $ 76,100 Costs added this period 1,708,540 1,132,250 2,840,790 $ Total costs to account for 2,916,890 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. Complete this question by entering your answers in the tabs below. Required Required Required A B C Calculate the equivalent units of production for both direct materials and conversion for the forming department. Completed and transferred out Ending work in process Direct Materials Conversion Units Percent Complete EUP Percent Complete EUP Required A Required B> B Required Required Required A 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 Costs added this period Total costs Direct Materials Conversion + Equivalent units of production (from part a) EUP EUP per Cost per equivalent unit of production per EUP EUP Complete this question by entering your answers in the tabs below. Required Required Required A B 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 Total cost EUP Direct materials Conversion Total Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP Total cost
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