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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 Percent Conversion Units Beginning work in process inventory 27,000 Complete 70% Percent Complete 30% Units started this period 320,000 Completed and transferred out 312,000 Ending work in process inventory 35,000 80% 40% 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 $ 40,000 16,100 $ 56,100 1,660,000 929,300 2,589,300 $ 2,645,400 . 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 materials and conversion for the Forming department. . Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred to painting nd 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.
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