! Required information (The following information applies to the questions displayed below.) The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory 26, 400 units 61,600 units 88,000 units 16,400 units Prepare the production department's equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing. Equivalent Units of Production (EUP)Weighted Average Method 1. All direct materials are added to products when processing begins. Direct Materials Units Percent EUP Complete Total 2. Beginning inventory is 40% complete as to direct materials costs. Ending inventory is 70% complete as to direct materials costs. Units Direct Materials Percent EUP Complete Total 3. Beginning inventory is 60% complete as to direct materials costs. Ending inventory is 30% complete as to direct materials costs. Direct Materials Units Percent Complete EUP Total Required information (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. Direct Materials Percent Complete 708 Conversion Percent Complete 308 Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 36,000 520,000 516,000 40,000 85% 35% Production cost information for the forming department follows. $ 58,000 24,100 $ 82,100 Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,889,000 1, 226,700 3,115,700 $ 3,197,800 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the equivalent units of production for both direct materials and conversion for the forming department. Units Direct Materials Percent EUP Complete Conversion Percent EUP Complete Completed and transferred out Ending work in process Required A Required B Required C Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming department. Direct Materials Conversion Costs of beginning work in process Costs added this period Total costs EUP EUP - Equivalent units of production (from part a) Cost per equivalent unit of production per EUP per EUP Complete this question by entering your answers in the tabs below. Required A Required B Required 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. Cost Assignment Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Total Completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials $ 0.00 0.00 Conversion $ 0.00 0.00 Total costs accounted for
