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The following information applies to the questions displayed below. ] Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average

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.
Units Direct Materials Conversion
Percent Complete Percent Complete
Beginning work in process inventory 33,00065%35%
Units started this period 460,000
Completed and transferred out 453,000
Ending work in process inventory 40,00085%45%
Production cost information for the forming department follows.
Beginning work in process
Direct materials $ 54,400
Conversion 21,700 $ 76,100
Costs added this period
Direct materials 1,708,540
Conversion 1,132,2502,840,790
Total costs to account for $ 2,916,890
Exercise 20-6(Algo) Weighted average: Cost per EUP and costs assigned to output LO P1
Calculate the equivalent units of production for both direct materials and conversion for the Forming department.
Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department.
Using the weighted average method, assign costs to the forming departments outputspecifically, its units transferred to painting and its ending work in process inventory.[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.
Production cost information for the forming department follows.
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.
Calculate the equivalent units of production for both direct materials and conversion for the
forming department.
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