Required information Use 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 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 Direct materials 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. Conversion Costs added this period Direct materials Conversion Total costs to account for Show Transcribed Text Units 33,000 460,000 453,000 40,000 $ 54,400 21,700 Required A Required B Direct Materials Percent Complete 65% 1,708,540 1,132,250 Required C 85% Complete this question by entering your answers in the tabs below. $76,100 2,840,790 $ 2,916,890 Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 Conversion Percent Complete 35% 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. 45%
Required information Use 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 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 Direct materials 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. Conversion Costs added this period Direct materials Conversion Total costs to account for Show Transcribed Text Units 33,000 460,000 453,000 40,000 $ 54,400 21,700 Required A Required B Direct Materials Percent Complete 65% 1,708,540 1,132,250 Required C 85% Complete this question by entering your answers in the tabs below. $76,100 2,840,790 $ 2,916,890 Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 Conversion Percent Complete 35% 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. 45%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please don't give image format
Transcribed Image Text:specifically, its unis asined to painuny 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 costs per equivalent unit of production for both direct materials and conversion for the formi
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
Show Transcribed Text
Required A Required B
Cost Assignment
Completed and transferred out
Direct materials
Conversion
Complete this question by entering your answers in the tabs below.
Required C
Total Completed and transferred out
Ending work in process
Direct materials
Conversion
Total costs accounted for
Direct Materials
< Required A
3
Using the weighted average method, assign costs to the forming department's output-specifically, its units
painting and its ending work in process inventory.
EUP
EUP
per EUP
EUP
< Required B
Required C >
Conversion
Cost per EUP
Cost per EUP
$
0.00
$
0.00
EUP
per EUP
Required C >
Total cost
Total cost
0.00
0.00
![Required information
Use 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 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
Direct materials
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.
Conversion
Costs added this period
Direct materials
Conversion
Total costs to account for
Show Transcribed Text
Units
33,000
460,000
453,000
40,000
Required A Required B Required C
$ 54,400
21,700
1,708,540
1,132,250
Completed and transferred out
Ending work in process
Direct Materials
Percent
Complete
65%
Complete this question by entering your answers in the tabs below.
Units
Percent
Complete
Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to
output LO P1
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.
$ 76,100
2,840,790
$2,916,890
EUP
Conversion
Percent
Complete
35%
Calculate the equivalent units of production for both direct materials and conversion for the forming depa
Direct Materials
45%
Conversion
Percent
Complete
EUP](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4f532a2d-41c4-4378-bc40-36a341559f3a%2Fb60a8351-e9a5-4995-b59c-10b19a27d0e3%2Fxlu4o2e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Use 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 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
Direct materials
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.
Conversion
Costs added this period
Direct materials
Conversion
Total costs to account for
Show Transcribed Text
Units
33,000
460,000
453,000
40,000
Required A Required B Required C
$ 54,400
21,700
1,708,540
1,132,250
Completed and transferred out
Ending work in process
Direct Materials
Percent
Complete
65%
Complete this question by entering your answers in the tabs below.
Units
Percent
Complete
Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to
output LO P1
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.
$ 76,100
2,840,790
$2,916,890
EUP
Conversion
Percent
Complete
35%
Calculate the equivalent units of production for both direct materials and conversion for the forming depa
Direct Materials
45%
Conversion
Percent
Complete
EUP
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