Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) The Fields Company has two manufacturing departments, forming and painting. The company uses the weighted- average method of process costing. At the beginning of the month, the forming department has 35,000 units in inventory, 75% complete as to materials and 25% complete as to conversion costs. The beginning inventory cost of $83,100 consisted of $58,600 of direct materials costs and $24,500 of conversion costs. During the month, the forming department started 530,000 units. At the end of the month, the forming department had 30,000 units in ending inventory, 90% complete as to materials and 40% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department is as follows: Beginning work in process inventory Direct materials added during the month Conversion added during the month $ 83,100 1,908,400 1, 244,540 Exercise 3-6 Weighted average: Cost per EUP and costs assigned to output LO C2 1. Calculate the equivalent units of production for the forming department. Direct Materials Conversion 2. Calculate the costs per equivalent unit of production for the forming department. Direct Materials per EUP Conversion per EUP 3. 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. Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out EUP Cost per EUP Total cost Costs of ending work in process Direct materials $ 0.00 0.00 $ 0.00 0.00 Conversion Total cost of ending work in process Total costs assigned Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 82,000 were in process in the production department at the beginning of April and 328,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 104,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion. Exercise 3-8 Weighted average: Computing equivalent units of production LO C2 1. Compute the number of units transferred to finished goods. 2. Compute the number of equivalent units with respect to both materials used and conversion used in the production department for April using the weighted-average method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of units transferred to finished goods. Units transferred out Compute the number of equivalent units with respect to both materials used and conversion used in the production department for April using the weighted average method. Equivalent Units of Production - Weighted Average Units % Materials EUPMaterials % Conversion EUP- Conversion Equivalent units of production
