Required information Use the following information for the Exercises below. [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 of process costing. At the beginning of the month, the forming department has 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $70,100 consisted of $50,800 of direct materials costs and $19,300 of conversion costs. During the month, the forming department started 400,000 units. At the end of the month, the forming department had 40,000 units in ending inventory, 85% complete as to materials and 35% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department follows. Beginning work in process inventory Direct materials added during the month Conversion added during the month $ 70, 100 1,539,200 1,047,260 Exercise 16-6 Weighted average: Cost per EUP and costs assigned to output LO C2 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department. 3. 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. Required 1 Required 2 Required 3 Calculate the equivalent units of production for the forming department. Direct Materials 423,200 X 404,000 Conversion Required 1 Required 2 Required 3 Calculate the costs per equivalent unit of production for the forming department. (Round your answers to 2 decimal places.) Direct Materials $ 3.76 per EUP per EUP Conversion $ 2.64 Required 1 Required 2 Required 3 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 and Reconciliation Cost per Cost of units transferred out EUP Total cost EUP Direct materials 390,000 $ 3.76 $ 1,466,400.00 1,029,600.00 Conversion 390,000 $ 2.64 Total costs transferred out $ 2,496,000.00 Cost per Costs of ending work in process EUP Total cost EUP Direct materials 34,000 $ 3.76 127,840.00 Conversion 14,000 2.64 36,960.00 Total cost of ending work in process 164,800.00 Total costs assigned $ 2,660,800.00