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ease refer to the pictures for parts A and B. Part C is below:      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   $0.00 0.00   Conversion   $0.00 0.00             Total costs accounted for

ease refer to the pictures for parts A and B. Part C is below:      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   $0.00 0.00   Conversion   $0.00 0.00             Total costs accounted for

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 11E: The charges to Work in ProcessAssembly Department for a period, together with information concerning...
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Please refer to the pictures for parts A and B. Part C is below: 

 
 
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   $0.00 0.00  
Conversion   $0.00 0.00  
         
Total costs accounted for        
 
  • Fields Company
Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming department. Direct Materials 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 < Required A EUP per EUP Conversion Required C > EUP per EUP
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the costs per equivalent unit of production for both direct materials and conversion for the forming department. Direct Materials 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 < Required A EUP per EUP Conversion Required C > EUP per EUP
[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. Beginning work in process inventory Units started this period Completed and transferred out. Ending work in process inventory Production cost information for the forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials. Conversion Total costs to account for Units 33,000 460,000 453,000 40,000 Required A Required B Required C $ 54,400 21,700 Completed and transferred out Ending work in process 1,708,540 1,132,250 Units Direct Materials Percent Complete 65% Complete this question by entering your answers in the tabs below. 85% 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. Percent Complete $ 76,100 2,840,790 $ 2,916,890 EUP Calculate the equivalent units of production for both direct materials and conversion for the forming department. Direct Materials Conversion Percent Complete 35% 45% Percent Complete Conversion EUP
Transcribed Image Text:[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. Beginning work in process inventory Units started this period Completed and transferred out. Ending work in process inventory Production cost information for the forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials. Conversion Total costs to account for Units 33,000 460,000 453,000 40,000 Required A Required B Required C $ 54,400 21,700 Completed and transferred out Ending work in process 1,708,540 1,132,250 Units Direct Materials Percent Complete 65% Complete this question by entering your answers in the tabs below. 85% 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. Percent Complete $ 76,100 2,840,790 $ 2,916,890 EUP Calculate the equivalent units of production for both direct materials and conversion for the forming department. Direct Materials Conversion Percent Complete 35% 45% Percent Complete Conversion EUP
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