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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 Conversion Percent Complete 35% 45% Direct Materials Percent Units Complete Beginning work in process inventory 33,00 65% Units started this period 468,000 Completed and transferred out 453,000 Ending work in process inventory 48,00 85% Production cost information for the forming department follows. Beginning work in process Direct materials $ 54,480 Conversion 21,700 $ 76,190 costs added this period Direct materials 1,708,540 Conversion 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 A Required 8 Required a Calculate the equivalent units of production for both direct materials and conversion for the forming department. Direct Materials Conversion Units Percent EUP Percent EUP Complete Complete Completed and transferred out Ending work in process Required Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming department. Direct Materials Conversion Costs of beginning work in process Costs added this period Total costs - Equivalent units of production (from parta) EUP EUP Cost per equivalent unit of production per EUP per EUP Required A Required B Required 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 EUP Direct materials Conversion Total cost Total Completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total costs accounted for
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