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Required Information Use the following information for the Exercises below. (Algo) [The following Information applies to the questions displayed below] Fields Company has two manufacturing
Required Information Use the following information for the Exercises below. (Algo) [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 Units Beginning work in process inventory Percent Complete Percent Complete Units started this period 30,000 80% 20% 390,000 Completed and transferred out 380,000 40,000 80% 30% 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 $50,200 18,900 $ 69,100 1,507,160 1,031,660 2,538,820 Total costs to account for $ 2,607,920 xercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 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 painti its ending work in process Inventory. Costs added this period Direct materials Conversion Total costs to account for 1,507,160 1,031,660 2,538,820 $ 2,607,920 Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output a. Calculate the equivalent units of production for both direct materials and conversion for the Forming dep b. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Form c. Using the weighted average method, assign costs to the forming department's output-specifically, its un 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 costs per equivalent unit of production for both direct materials and conversion for the forming depa Costs of beginning work in process Costs added this period Total costs Equivalent units of production (from part a) Cost per equivalent unit of production Direct Materials Conversion $ 50,200 1,507,160 $ 1,557,360 EUP per EUR EUP per EUP signment Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 50,200 18,900 1,507,160 1,031,660 $ 69,100 2,538,820 $ 2,607,920 Sa Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO F a. Calculate the equivalent units of production for both direct materials and conversion for the Forming departme b. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming d c. Using the weighted average method, assign costs to the forming department's output-specifically, its units trar and its ending work in process Inventory Complete this question by entering your answers in the tabs below. Required A Required B Required C Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred painting and its ending work in process inventory. Cost Assignment Completed and transferred out Direct materials Conversion Total Completed and transferred out Ending work in process Direct materials Conversion EUP Cost per EUP Total cost EUP Cost per EUP Total cost $ 0.00 0.00 $ 0.00 0.00 Total costs accounted for
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