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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 inventory 37, 090 Units started this period 540, 090 Completed and transferred out 537, 090 Ending work in process inventory Production cost Information for the forming department follows. Beginning work in process Direct materials $ 59, 208 Conversion 24,908 $ 84, 180 Costs added this period Direct materials 1, 949, 370 Conversion 1, 254, 270 3, 203, 649 Total costs to account for $ 3, 287, 740 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. Direct Materials Conversion Units Percent Percent Complete EUP Complete EUP Completed and transferred out Ending work in processComplete this question by entering your answers in the tabs heluw. 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 Costs added this period Total costs + Equivalent units ofproduction (from part a} Cost per equivalent unit of production
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