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Required information [The following information applies to the questions displayed below.] Part 2 of 2 3 points Fields Company has two manufacturing departments, forming and

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Required information [The following information applies to the questions displayed below.] Part 2 of 2 3 points Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 31,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. The beginning inventory cost of $72,100 consisted of $52,000 of direct materials costs and $20,100 of conversion costs. During the month, the forming department started 420,000 units. At the end of the month, the forming department had 40,000 units in ending inventory, 80% complete as to materials and 30% complete as to conversion. Units completed in the forming department are transferred to the painting department. eBook Cost information for the forming department follows. Hint Beginning work in process inventory Direct materials added during the month Conversion added during the month $ 72,100 1,631,400 1,079,700 Print Assume that Fields uses the FIFO method of process costing. 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department Complete this question by entering your answers in the tabs below. Required 1 Required 2

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