Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method and

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: Fields Company Has Two Manufacturing Departments Forming And Painting The Company Uses The Weighted Average Method And 1 (42.41 KiB) Viewed 255 times

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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 Complete Complete 60% 40% Units 25,000 Beginning work in process inventory Units started this period 300,000 Completed and transferred out 295,000 Ending work in process inventory. 30,000 80% 30% Production cost information for the forming department follows. Beginning work in processi Direct materials $ 44,800 Conversion 15,300 $ 60,100 Costs added this period Direct materials 1,231, 200 Conversion 896,700 2,127,900 $ 2,188,000 Total costs to account for 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. Answer is not complete. Complete this question by entering your answers in the tabs below.
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. Answer is not complete. 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. Direct Materials Conversion Units Percent Complete EUP 295,000 100% 3x Completed and transferred out Ending work in process 30,000 30% 3X 6 Percent Complete 100% 80% Required A EUP 4X 4X 8 Required B >
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. Answer is not complete. Complete this question by entering your answers in the tabs below. 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 Equivalent units of production (from part a) EUP Cost per equivalent unit of production per EUP 1,231,200 $ 4.00 < Required A 896,700 $ 3.00 Requires c> EUP per EUP
D. Calculate the costs per equivalent unit of production or ou direct materials and conversion of the formiming 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. Answer is not complete. 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 4.00 Conversion 3.00 Total Completed and transferred out Cost per Ending work in process EUP Total cost EUP Direct materials Conversion Total costs accounted for < Required B $ $ $ S 4.00 3.00 0.00 0.00