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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 Conversion Percent Complete 40% 40% Direct Materials Percent Units Complete Beginning work in process inventory 30,000 60X Units started this period 450,000 Completed and transferred out 445,000 Ending work in process inventory 35,000 BOX Production cost information for the forming department follows. Beginning work in process Direct materials $ 53,800 Conversion 21 300 $ 75, 100 Costs added this period Direct materials 1,677,380 Conversion 1,121,610 2.798,990 Total costs to account for $ 2,874,090 Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 o. 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. Required A Required B Required Calculate the equivalent units of production for both direct materials and conversion for the Forming department. Direct Materials Conversion Required A Required B Required Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department. (Round your answers to 2 decimal places.) per EUP Direct Materials Conversion per EUP Required A Required B Required 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. EUP Cost per EUP Total cost Cost Assignment and Reconciliation Completed and transferred out Direct materials Conversion Total Completed and transferred out Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per EUP 0.00 Total cost 0.00 $ $ 0.00 0.00

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