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Saved Help Save & average method and it reports the following unit data for the Forming department. Units completed in the forming department are
Saved Help Save & 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 Beginning work in process inventory 36,000 Units started this period 510,000 Completed and transferred out 506,000 Ending work in process inventory 40,000 Direct Materials Conversion Percent Complete 65% Percent Complete 35% 80% 30% 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 $ 57,400 23,700 $ 81,100 1,879,400 1,214,320 3,093,720 $ 3,174,820 Che 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 inventorv.
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