Use the following information for the Exercises below. (Algo)

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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 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	35,000	75%	25%
Units started this period	530,000
Completed and transferred out	535,000
Ending work in process inventory	30,000	90%	40%

Production cost information for the forming department follows.

Beginning work in process
Direct materials	$ 58,600
Conversion	24,500	$ 83,100
Costs added this period
Direct materials	1,908,400
Conversion	1,244,540	3,152,940
Total costs to account for		$ 3,236,040

Exercise 16-7A (Algo) FIFO: Cost per EUP LO C2

Assume that Fields uses the FIFO method of process costing. a. Calculate the number of units started and completed this period for the Forming department. b. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. c. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department.