Question
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. Units Beginning work in process inventory 29,000 Direct Materials Percent Complete 75% Conversion Percent Complete 25% Units started this period 380,000 Completed and transferred out 379,000 30,000 90% 50% 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 $ 49,600 18,500 $ 68,100 1,468,840 1,013,780 2,482,620 $ 2,550,720 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 A Required B Required 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 379,000 30,000 100% 90% < Required A Required B >
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