Question
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 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 29,000 units in inventory, 75% complete as to materials and 25% complete as to conversion costs. The beginning inventory cost of $68,100 consisted of $49,600 of direct material costs and $18,500 of conversion cost. During the month, the forming department started 380,000 units. At the end of the month, the forming department had 38,000 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 $ 68,100 Direct materials added during the month 1,206,520 Conversion added during the month 908,380
1. | Calculate the equivalent units of production for the forming department.
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