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

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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. Units Beginning work in process inventory 35,000 Direct Materials Percent Complete 60% Conversion Percent Complete 40% Units started this period 500,000 Completed and transferred out 495,000 40,000 90% 40% S Ending work in process inventory Production cost information for the forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 56,800 23,300 $ 80,100 1,828,250 1,192,880 3,021,130 $ 3,101,230 Assume that Fields uses the FIFO method of process costing. a. Calculate the number of units started and completed this period for the Forming department.\ b. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. c. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the number of units started and completed this period for the Forming department. Units started and completed 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. Units Beginning work in process inventory 35,000 Direct Materials Percent Complete 60% Conversion Percent Complete 40% Units started this period 500,000 Completed and transferred out 495,000 40,000 90% 40% S Ending work in process inventory Production cost information for the forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 56,800 23,300 $ 80,100 1,828,250 1,192,880 3,021,130 $ 3,101,230 Assume that Fields uses the FIFO method of process costing. a. Calculate the number of units started and completed this period for the Forming department.\ b. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. c. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the number of units started and completed this period for the Forming department. Units started and completed

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a Calculate the number of units started and completed this period for the Forming department Un... View the full answer