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 Percent Complete Conversion Beginning work in process inventory 35,000 75% Percent Complete 25% Units started this period. 530,000 Completed and transferred out 535,000 30,000 90% 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 Assume that Fields uses the FIFO method of process costing. a. Calculate the number of units started and completed this period for the Forming department. b. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. c. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department. Complete this question by entering your answers in the tabs below.