Fields Company Has Two Manufacturing Departments Forming And Painting The Company Uses The Weighted Average Method And 1 (34.82 KiB) Viewed 35 times
Fields Company Has Two Manufacturing Departments Forming And Painting The Company Uses The Weighted Average Method And 2 (43.41 KiB) Viewed 35 times
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% Direct Materials Percent Units Complete Beginning work in process inventory 25, ees 60% Units started this period 300,000 Completed and transferred out 295,000 Ending work in process inventory 30,000 88% Production cost information for the forming department follows 30% $44.800 15,300 $ 60,100 Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,231,200 896700 2, 127,900 $ 2,188,000
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. Required A Required B Required 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 295.000 30.000 Required B >
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