Required ARequired BRequired CCalculate the costs per equivalent unit of production for both direct materials and conversion for the forming department.Direct MaterialsConversionCosts of beginning work in processCosts added this periodTotal costs+ Equivalent units of production (from part a)EUPEUPCost per equivalent unit of productionper EUPper EUP< Required ARequired C> Required informationUse 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 weightedaverage method and it reports the following unit data for the Forming department. Units completed in theforming department are transferred to the painting department.DirectMaterialsPercentComplete60%ConversionPercentComplete40%Beginning work in process inventoryUnits started this periodCompleted and transferred outEnding work in process inventoryUnits30,000400,000390,00040,00085%35%Production cost information for the forming department follows.Beginning work in processDirect materials$ 50,80019,300$ 70,100ConversionCosts added this periodDirect materials1,539,2001,047,2602,586,460$ 2,656,560ConversionTotal costs to account forExercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1a. 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 topainting and its ending work in process inventory.Complete this question by entering your answers in the tabs below.Required ARequired BRequired CCalculate the equivalent units of production for both direct materials and conversion for the forming department.Direct MaterialsConversionUnitsPercentPercentEUPEUPCompleteCompleteCompleted and transferred outEnding work in process< Required ARequired B>

Name: Required ARequired BRequired CCalculate the costs per equivalent unit
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Required ARequired BRequired CCalculate the costs per equivalent unit of production for both direct materials and conversion for the forming department.Direct MaterialsConversionCosts of beginning work in processCosts added this periodTotal costs+ E