Beginning work in process inventory Units started this period Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Completed and transferred out Ending work in process inventory Production cost information for the forming department follows. Units 30,000 390,000 380,000 40,000 Required A Required B Required C $50,200 18,900 Completed and transferred out Ending work in process 1,507,160 1,031,660 Units 380,000 40,000 Complete this question by entering your answers in the tabs below. Direct Materials Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 Percent Complete 80% 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. Direct Materials Percent Complete 100% 80% $ 69,100 2,538,820 $ 2,607,920 Calculate the equivalent units of production for both direct materials and conversion for the forming department. 80% EUP Conversion Percent Complete 20% 380,000 32,000 412,000 30% Percent Complete Conversion 100% 30% EUP 380,000 380,000
Beginning work in process inventory Units started this period Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Completed and transferred out Ending work in process inventory Production cost information for the forming department follows. Units 30,000 390,000 380,000 40,000 Required A Required B Required C $50,200 18,900 Completed and transferred out Ending work in process 1,507,160 1,031,660 Units 380,000 40,000 Complete this question by entering your answers in the tabs below. Direct Materials Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 Percent Complete 80% 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. Direct Materials Percent Complete 100% 80% $ 69,100 2,538,820 $ 2,607,920 Calculate the equivalent units of production for both direct materials and conversion for the forming department. 80% EUP Conversion Percent Complete 20% 380,000 32,000 412,000 30% Percent Complete Conversion 100% 30% EUP 380,000 380,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Beginning work in process inventory
Units started this period
Beginning work in process
Direct materials
Conversion
Costs added this period
Direct materials
Conversion
Total costs to account for
Completed and transferred out
Ending work in process inventory
Production cost information for the forming department follows.
Units
30,000
390,000
380,000
40,000
Required A Required B Required C
$50,200
18,900
Completed and transferred out
Ending work in process
1,507,160
1,031,660
Units
380,000
40,000
Complete this question by entering your answers in the tabs below.
Direct
Materials
Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1
Percent
Complete
80%
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.
Direct Materials
Percent
Complete
100%
80%
$ 69,100
2,538,820
$ 2,607,920
Calculate the equivalent units of production for both direct materials and conversion for the forming department.
80%
EUP
Conversion
Percent
Complete
20%
380,000
32,000
412,000
30%
Percent
Complete
Conversion
100%
30%
EUP
380,000
380,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffb2ed696-72a2-41ba-9302-4cfc4407434d%2F04f3ca21-1034-44a3-8df2-1b2ed8b2756b%2F62u8iv6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Beginning work in process inventory
Units started this period
Beginning work in process
Direct materials
Conversion
Costs added this period
Direct materials
Conversion
Total costs to account for
Completed and transferred out
Ending work in process inventory
Production cost information for the forming department follows.
Units
30,000
390,000
380,000
40,000
Required A Required B Required C
$50,200
18,900
Completed and transferred out
Ending work in process
1,507,160
1,031,660
Units
380,000
40,000
Complete this question by entering your answers in the tabs below.
Direct
Materials
Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1
Percent
Complete
80%
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.
Direct Materials
Percent
Complete
100%
80%
$ 69,100
2,538,820
$ 2,607,920
Calculate the equivalent units of production for both direct materials and conversion for the forming department.
80%
EUP
Conversion
Percent
Complete
20%
380,000
32,000
412,000
30%
Percent
Complete
Conversion
100%
30%
EUP
380,000
380,000
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