Question: Saved Help requirea information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below ] Fields Company

Saved Help requirea information Use the followingSaved Help requirea information Use the following
Saved Help requirea information Use the following information for the Exercises below. (Static) [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 25,000 60%% 40% Units started this period 300,000 Completed and transferred out 295,000 Ending work in process inventory 30,000 30% Production cost information for the forming department follows. Beginning work in process Direct materials $ 44, 800 Conversion 15 , 306 $ 60, 100 Costs added this period Direct materials 1 , 231, 206 Conversion 896, 760 2, 127,900 Total costs to account for $ 2, 168, 060 Russell 2000 +1.20%Required information 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. 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. Direct Materials Conversion Units Percent Percent Complete EUP Complete EUP Completed and transferred out 295,000 30% 295,000 30% 295.000 Ending work in process 9.000 80% 24,000 30% 9.000 319,000 304.000 Required B > Russell 2000 +1.20% arch

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