Question: Chapter 3: Homework 4 Part 2 of 2 142 points Required information Seved [The following information applies to the questions displayed below.) Fields Company


Chapter 3: Homework 4 Part 2 of 2 142 points Required information Seved [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 Units eBook Naterials Conversion Percent Percent Complete Complete Beginning work in process inventory Unite started this period 25,000 608 108 300,000 Completed and transferred out Ending work in process inventory 295,000 30,000 308 Hint Frint References Production cost information for the forming department follows. Beginning work in proces Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 44,800 15,300 560,100 1,231,200 896,700 2,127,900 $ 2,188,000 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 t Required C Help Save & Exit Submit Check my work
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