Question: Required Information Use the following Information for the Exercises below. [The following information applies to the questions displayed below) Fields Company has two manufacturing departments,


Required Information 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-overage method of process costing. At the beginning of the month, the forming department has 34,500 units in inventory. 80% complete as to materials and 20% complete os to conversion costs. The beginning inventory cost of $79,100 consisted of $56,200 of direct materials costs and $22.900 of conversion costs. During the month, the forming department started 490,000 units. At the end of the month, the forming department had 30,000 units in ending inventory. 35% complete as to materials and 35% complete as to conversion Units completed in the forming department are transferred to the pointing department. Cost information for the forming department follows. Beginning work in process inventory Direct materials added during the month Conversion added during the month 79, 180 1,800,200 1,179,000 Exercise 16-6 Welghted average: Cost per EUP and costs assigned to output LO C2 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 output-specifically, its units transferred to painting and its ending work in process inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the equivalent units of production for the forming department Direct Materials Conversion Required 2 > During the month, the forming department started 490,000 units. At the end of the mor 30,000 units in ending inventory, 85% complete as to materials and 35% complete as to the forming department are transferred to the painting department. Cost information for the forming department follows. Beginning work in process inventory Direct materials added during the month Conversion added during the month $ 79,100 1,800, 280 1,179,000 Exercise 16-6 Weighted average: Cost per EUP and costs assigned to out 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 output-spec and its ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the costs per equivalent unit of production for the forming department. (Round your answe Direct Materials Conversion per EUP per EUP $56,200 of direct materials costs and $22.900 of conversion 209 During the month, the forming department started 490,000 units. At the end of the month, the form 30,000 units in ending inventory, 85% complete as to materials and 35% complete as to conversion the forming department are transferred to the painting department. Cost information for the forming department follows. Beginning work in process inventory Direct materials added during the month Conversion added during the month 1 79.100 1,800,200 1,179,000 Exercise 16-6 Welghted 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 output-specifically, its un and its ending work in process inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the weighted-average method, assign costs to the forming department's output-specifically, its units trans 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 EUP Total cost Conversion Totalcosis transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in proces Total costs assigned Cost per EUP $ 0.00 S 0.00 0.00 000 Required 2
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