IE Exercise $16-6($Static$)$: Weighted average: Cost per EUP and costs assigned to output LO P$1$ Required:

a$.$ Calculate the equivalent units of production $($EUP$)$ 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.

Cost Assignment and Reconciliation

Completed and transferred out

Direct materials

Conversion

Total Completed and transferred out

Ending work in process

Direct materials

Conversion

Total cost of ending work in process

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

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:

Required:

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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