Refer to the information in Exercise 20-6. 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.

Data From Exercise 20-6

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.

Production cost information for the Forming department follows.

Transcribed Image Text:

Direct Materials Conversion Units Percent Complete Percent Complete Beginning work in process inventory ... Units started this period..... Completed and transferred out...... Ending work in process inventory...... 25,000 60% 40% 300,000 295,000 30,000 80% 30%