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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

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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 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 Percent Complete Percent Complete Beginning work in process 28,000 70% 30% inventory Units started this period 370,000 Completed and transferred 358,000 out Ending work in process 40,000 85% 45% inventory Production cost information for the forming department follows Beginning work in process Direct materials $ 49,000 Conversion 18,100 $ 67,100 Costs added this period Direct materials 1,440,600 Conversion 997,100 2,437,700 $ Total costs to account for 2,584,800 Exercise 20-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 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 Required Required A B C Calculate the equivalent units of production for both direct materials and conversion for the forming department. Completed and transferred out Ending work in process Direct Materials Conversion Units Percent Complete EUP Percent Complete EUP

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