Question: 54. please complete correctly and i will give a thumbs up Required information The following information applies to the questions displayed below) Fields Company has
Required information 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. Conversion Percent Complete 250 Direct Materiala Percent Unit complete Beginning work in process inventory 31,500 750 Units started this period 430,000 Completed and transferred out 431,500 Ending work in process inventory 30,000 850 Production cost information for the forming department follows. 350 $ 52,600 20,500 $ 73, 100 Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,615, 450 1,088,920 2,704,320 $ 2,777,470 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
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