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. Units Beginning work in process inventory. 35,000 Direct Materials Percent Complete 758 Conversion Percent Complete 25% Units started this period 530,000 Completed and transferred out 535,000 30,000 908 40% 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 Total costs to account for $ 58,600 24,500 $ 83,100 1,908,400 1,244,540 3,152,940 $ 3,236,040 Exercise 20-7A (Algo) FIFO: Cost per EUP LO C2