1. (a)

Use the following information for the Exercises below. [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 of process costing. At the beginning ofthe month, the forming department has 32,000 units in inventory, 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $74,100 consisted of $53,200 of direct materials costs and $20,900 of conversion costs. During the month, the forming department started 440,000 units. At the end of the month, the forming department had 40,000 units in ending inventory. 90% complete as to materials and 40% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department follows. Beginning work in process inventory 5; 74,100 Direct materials added during the month 1,650,320 Conversion added during the month 1,099,100 Exercise 16-6 Weighted average: Cost per EUP and costs assigned to output LO CZ 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department. 3. Using the weighted-average method, assign costs to the forming department's outputspecically, its units transferred to painting and its ending work in process inventory. Complete this question by entering your answers In the tabs below. -- Calculate the equivalent units of production for the forming department. Direct Materials - Required 1 Required 2 Required 3 Calculate the costs per equivalent unit of production for the fonnlng department. (Round your answers to 2 decimal places.) Direct Materials _ perEUP Required 1 Required 2 Required 3 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 and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total cost of ending work in process Total costs assignedRequired information Use the following information for the Exercises below. [The following information applies to the questions displayed below. J During April, the first production department of a process manufacturing system completed its work on 380,000 units of a product and transferred them to the next department. Of these transferred units, 76,000 were in process in the production department at the beginning of April and 304,000 were started and completed in April. April's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. At the end of April, 98,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion. Exercise 16-8 Weighted average: Computing equivalent units of production LO C2 Compute the number of equivalent units with respect to both materials used and conversion used in the first production department for April using the weighted-average method. 0 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below. J During April, the rst production department of a process manufacturing system completed its work on 380,000 units of a product and transferred them to the next department. Of these transferred units, 76,000 were in process in the production department at the beginning of April and 304,000 were started and completed in April. April's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. At the end of April, 98,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion. \\ J Exercise 16-9 Weighted average: Costs assigned to output and inventories LO C2 The production department had $1,278,951 of direct materials and $845,186 of conversion costs charged to it during April. Also. its April beginning inventory of $226,003 consists of $180,444 of direct materials cost and $45,559 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April. (Round "Cost per EUP\" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 3. Using the weighted-average method, assign April's costs to the department's outputspecifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Required 1. and 2. Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP-Materials % Conversion EUP-Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Total costs Costs Costs : Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Total costs to account for: Total costs accounted for Difference due to rounding cost/unitRequired 3. Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total cost of ending work in process Total costs accounted forExercise 16-16 Weighted average: Process cost summary L0 63 Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March. Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory MaterialsPercent complete Conve rs ionPe rcent complete 3, one 3a,aoa 6, one 100% 40% Costs Beginning work in process inventory Direct materials Conversion Direct materials added Direct labor added Overhead applied (140% of direct labor) Total costs to account for Ending work in process inventory $ 5,943 13,536 $ 19,476 237,606 179,536 251,412 $688,968 $ 36,568 Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Total costs to account for: _ Total costs accounted for _ Difference due to rounding cost/unit Units to account for: _ Total units to account for Total units accounted for: _ Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP- Materials % Conversion | EUP-Conversion Total units Cost per Equivalent Unit of Production Materials Conversion Total costs Costs Costs : Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) Total Costs Accounted for: Cost of units transferred out: EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total cost of ending work in process Total costs accounted forHiTest Company uses the weighted-average method of process costing to assign production costs to its products. Information for the company's rst production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. Work in process inventory, September 1 (1,566 units, 1669: complete with respect to direct materials, 76% complete with respect to conversion; consists of $45,866 of direct materials cost. $84,695 conversion cost $136,495 Costs incurred in September Direct materials $426,666 Conversion $366,666 Work in process inventory. September 36 (6,566 units, 166% complete with respect to direct materials, 36% complete with respect to conversion) ? Units started in September 32,566 Units completed and transferred out 27,566 ' Required: Compute each of the following using the weighted-average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month. 3. 8- 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. Complete thls questlon by entering your answers In the tabs below. Re uired 1 Re uired 3 . _ The number of equivalent units for materials and conversion for the month. process, and that conversion costs are added uniformly throughout the process. Work in process inventory, September 1 (1, 500 units, 100% complete with respect to direct materials, 70% complete with respect to conversion; consists of $45, 800 of direct materials cost, $84, 695 conversion cost $130, 495 Costs incurred in September Direct materials $420, 000 Conversion $360, 000 Work in process inventory, September 30 (6,500 units, 100% complete with respect to direct materials, 30% complete with respect to conversion) ? Units started in September 32, 500 Units completed and transferred out 27, 500 Required: Compute each of the following using the weighted-average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 3 and 2 and 4 Required 5 Required 6 The cost per equivalent unit of materials and conversion for the month. (Round "Cost per EUP" to 2 decimal places.) Cost per Equivalent Unit of Production Direct Materials Conversion Total costs + Equivalent units of production Cost per equivalent unit of productionHi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for the company's rst production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. Work in process inventory, September 1 (1,566 units, 166% complete with respect to direct materials, 76% complete with respect to conversion; consists of $45,866 of direct materials cost, $84,695 conversion cost $136,495 Costs incurred in September Direct materials $426,666 Conversion $366,666 Work in process inventory, September 36 (6,566 units, 166% complete with respect to direct materials. 36% complete with respect to conversion) ? Units started in September 32,566 Units completed and transferred out 27,566 I Required: Compute each of the following using the weighted-average method of process costing. 1. 8- 2. The number of equivalent units for materials and conversion for the month. 3. 8. 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. Complete this question by enterlng your answers In the tabs below. -Re uired 1 -Re uired 3 - - The total cost of goods transferred out. (Round "Cost per EUP" to 2 decimal places.) Direct materials _-_ _ Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for the company's rst production process September follows. Assume that all materials are added at the beginning ofthis production process, and that conversion costs are added uniformly throughout the process. lmiork in process inventory, September 1 (1,500 units, 100% complete with respect to direct materials, 73% complete with respect to conversion; consists of $45,800 of direct materials cost, $84,695 conversion cost $133,495 Costs incurred in September Direct materials $420,003 Conversion $360,663 Work in process inventory, September 30 {6,588 units, 106% complete with respect to direct materials, 38% complete with respect to conversion) ? Units started in September 32,563 Units completed and transferred out 27,563 ' Required: Compute each of the following using the weighted-average method of process costing. 1. 8: 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. Complete this question by entering your answers in the tabs below. Re uired 1 Re uired 3 _ _ _- The total cost of ending work In process Inventory. (Round "Cost per EUP'I to 2 decimal places.) Direct materials ___ _ Total cost of ending work in process __