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Required information Use the following information for the Exercises below. (Algo) [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 Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 30,000 80% 20% Units started this period 390,000 Completed and transferred out 380,000 Ending work in process inventory 40,000 80% 30% Production cost information for the forming department follows. Beginning work in process Direct materials $ 50,200 Conversion 18,900 $ 69,100 Costs added this period Direct materials 1,507,160 Conversion 1,031,660 2,538,820 Total costs to account for $ 2,607,920 Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 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 outputspecifically, its units transferred to painting and its ending work in process inventory. Complete this question by entering your answers in the tabs below. Required A Required B | Required C Calculate the equivalent units of production for both direct materials and conversion for the forming department. Completed and transferred out Ending work in process Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 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 outputspecifically, its units transferred to painting and its ending work in process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Costs of beginning work in process Costs added this period Total costs + Equivalent units of production (from part a) Cost per equivalent unit of production b. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming departmer c. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred painting and its ending work in process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required 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 Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Total Completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total costs accounted for 2 20 Use the following information for the Exercises below. (Static) points 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 eBook transferred to the painting department. @ Direct Hint Materials Conversion Percent Percent Units Complete Complete @ Beginning work in process inventory 25,000 60% 40% 'Aske Units started this period 300,000 Completed and transferred out 295,000 Ending work in process inventory 30,000 80% 30% Print Production cost information for the forming department follows. Beginning work in process Direct materials $ 44,800 References Conversion 15,300 $ 60,100 Costs added this period Direct materials 1,231,200 Conversion 896,700 2,127,900 Total costs to account for $ 2,188,000 Exercise 16-6 (Static) Weighted average: Cost per EUP and costs assigned to output LO P1 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 outputspecifically, its units transferred to painting and its ending work in process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the equivalent units of production for both direct materials and conversion for the forming department. Completed and transferred out Ending work in process RequiredB > Exercise 16-6 (Static) Weighted average: Cost per EUP and costs assigned to output LO P1 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 outputspecifically, its units transferred to painting and its ending work in process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Costs of beginning work in process Costs added this period Total costs + Equivalent units of production (from part a) Cost per equivalent unit of production Exercise 16-6 (Static) Weighted average: Cost per EUP and costs assigned to output LO P1 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 outputspecifically, its units transferred to painting and its ending work in process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Using the weighted average method, assign costs to the forming department's outputspecifically, its units transferred to painting and its ending work in process inventory. Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Total Completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total costs accounted for 3 6 points eBook 8 Hint Ask Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] The first production department of Stone Incorporated reports the following for April. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 83,000 75% 25% Units started this period 437,000 Completed and transferred out 415,000 Ending work in process inventory 105,000 90% 40% Exercise 16-8 (Algo) Weighted average: Computing equivalent units of production LO P1 Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Total 20 points eBook @ Hint Ask a Print References Exercise 16-16 (Algo) Weighted average: Production cost report LO P2 Elliott Company produces large quantities of a standardized product. The following information is available for its first production department for March. Prepare a production cost report for this department using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 3,000 Units started this period 30,000 Completed and transferred out 27,000 Ending work in process inventory 6,000 100% 20% Beginning work in process inventory Direct materials $ 3,660 Conversion 10,368 $ 14,028 Costs added this period Direct materials 194,670 Conversion 443, 088 637,758 Total costs to account for $ 651,786 Units to account for: | Total units to account for Po Units accounted for: | Total units accounted for | Equivalent Units of Production Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total units accounted for Equivalent Units of Production Total costs Costs Costs + Equivalent units of production EUP F EUP PF Cost per equivalent unit of production (rounded to 2 decimals) Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total costs accounted for 20 points eBook @ Hint Ask = Print Exercise 16-16 (Static) Weighted average: Production cost report LO P2 Elliott Company produces large quantities of a standardized product. The following information is available for its first production department for March. Prepare a production cost report for this department using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 2,000 Units started this period 20,000 Completed and transferred out 17,000 Ending work in process inventory 5,000 100% 35% Beginning work in process inventory Direct materials $ 2,500 Conversion 6,360 $ 8,860 Costs added this period Direct materials 168,000 Conversion 479,640 647,640 Total costs to account for $ 656,500 ELLIOTT COMPANY-First Department Production Cost Report - Weighted Average Method For Month Ended March 31 Unit Reconciliation: Units to account for: Total units to account for Units accounted for: Total units accounted for Equivalent Units of Production (EUP) Direct Materials Conversion Units % Complete EUP % Complete EUP Equivalent Units of Production Cost per Equivalent Unit of Production Direct Materials Conversion Total costs Costs Costs : Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) Cost AssignmentTotal costs Costs + Equivalent units of production EUP Cost per equivalent unit of production (rounded to 2 decimals) Completed and transferred out Cost per EUP Total cost Direct materials Conversion Ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total costs accounted for