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	Direct Materials	Conversion
		Percent Complete	Percent Complete
Beginning work in process inventory	29,000	75%	25%
Units started this period	380,000
Completed and transferred out	379,000
Ending work in process inventory	30,000	90%	50%

Production cost information for the forming department follows.

Beginning work in process
Direct materials	$ 49,600
Conversion	18,500	$ 68,100
Costs added this period
Direct materials	1,468,840
Conversion	1,013,780	2,482,620
Total costs to account for		$ 2,550,720

Exercise 3-6 (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 departments outputspecifically, its units transferred to painting and its ending work in process inventory.