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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
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 Units Beginning work in process inventory 25,000 Percent Complete 60% Percent Complete 40% Units started this period 300,000 Completed and transferred out 295,000 Ending work in process inventory 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 sume that Fields uses the FIFO method of process costing. Calculate the number of units started and completed this period for the Forming department. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. Calculate the costs per equivalent unit of production for both direct materiale and con 10 I Complete this question by entering your answers in the tabs below. Print References Required A Required B Required C Calculate the number of units started and completed this period for the Forming department. Units started and completed Required Required B > 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. Beginning work in process Started and completed Ending work in process Direct Materials Conversion Units Percent Added EUP Percent Added EUP Required A Required B Required C Calculate the costs per equivalent unit of production for both direct materials and conversion for the Form (Round your answers to 2 decimal places.) Costs added this period +Equivalent units of production (from part b). Cost per equivalent unit of production Direct Materials Conversion EUP per EUP EUP per EUP < Required B Required C
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