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Requlred Informatilon Use the following information for the Exercises below. The following information applies to the questions displayed below] The Flelds Company has two manufacturing

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Requlred Informatilon Use the following information for the Exercises below. The following information applies to the questions displayed below] The Flelds Company has two manufacturing departments, forming and painting. The company uses the welghted-average method of process costing. At the beginning of the month, the forming department has 25,000 units In Inventory, 60% complete as to materials and 40 % complete as to conversion costs. The beginning inventory cost of $60,100 consisted of $44,800 of direct materials costs and $15,300 of conversion costs. During the month, the forming department started 300,000 units. At the end of the month, the forming department had 30,000 units In ending inventory, 80% complete as to materials and 30 % complete as to conversion. Units completed in the forming department are transferred to the palnting 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 S 6e, 100 1,231, 200 896, 70e Exercise 16-6 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 equlvalent unit of production for the forming department. Direct Materials per EUP Conversion per EUP 3. Using the welghted-average method, assign costs to the forming department's output-specifically, Its units transferred to palnting and Its ending work In process Inventory CostAssignment and Reconciliation Cost of units transferred out Cost per EUP EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials 0.00 0.00 Conversion 0.00 0.00 Total cost of ending work in process Total costs assigned

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