Answer Happy

Required information 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 28,000 70% 30% 370,000 Units started this period Completed and transferred out 358,000 Ending work in process inventory 40,000 85% 45% Production cost information for the forming department follows. Beginning work in process Direct materials Conversion $ 49,000 18,100 $67,100 Costs added this period Direct materials 1,440,600 Conversion 997,100 2,437,700 $ Total costs to account for 2,504,800 Exercise 20-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO PI 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 Required Required B С Calculate the equivalent units of production for both direct materials and conversion for the forming department. Direct Materials Conversion Units EUP Percent Complete Completed and transferred out Ending work in process. Required B > Percent Complete < Required A EUP
Required Required Required A B 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 EUP Cost per equivalent unit of production per per EUP EUP
Required Required Required A B 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 Conversion Total Completed and transferred out Ending work in process Cost per EUP Total cost Direct materials Conversion Total costs accounted for EUP