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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
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 Percent Complete Complete Beginning work in process inventory 32,000 Units started this period 440,000 Completed and transferred out 432,000 Ending work in process inventory 40,000 Production cost information for the forming department lows Percent Units 205 90X 40 $53,200 20,500 Beginning work in process Direct waterials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 74,100 1.650, 320 1,099 100 2.749 420 5.2.123.520 Exercise 20-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 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 A Required Required Calculate the equivalent units of production for both direct materials and conversion for the forming department Unit Direct Materials Percent EUP Complete Conversion Percont EUP Complete Completed and transferred out Ending work in process Required B> 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 ferences Complete this question by entering your answers in the tabs below. Segund Required Hequired Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming department Direct Materials Conversion Costs of beginning work in process Costs added the period Total costa - Equivalent units of production Com Darta) Cost per equivo urut of production EUP por EUR EUP Der EUP (Required A Required c> 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 Aquired using the weighted average method, awon costs to the formning department's output specifically. Its units transferred to painting and its ending work in process inventory Consignment Completed and transferred out EUP Cost per EUP Total cost Duoc manalo Conversion Total Completed and transferred out Ending work in process EUP Cost per EUP Total cost
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