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Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Fields Company has two manufacturing departments, forming

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Use the following information for the Exercises below. (Algo) [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 Conversion Percent Percent Units Complete Complete Beginning work in process inventory 34, 500 80% 20% Units started this, period 490, 090 Completed and transferred out 494, 500 Ending work in process inventory 30,080 85% 35% Production cost information for the forming department follows. Beginning work in process Direct materials $ 56, 200 Conversion 22,900 $ 79, 100 Costs added this period Direct materials 1,800, 200 Conversion 1,179, 090 2, 979, 200 Total costs to account for $ 3,058, 300 Exercise 16-6 (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

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