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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.
Production cost information for the forming department follows.
Assume that Fields uses the FIFO method of process costing.
a. Calculate the number of units started and completed this period for the Forming department.
b. Calculate the equivalent units of production for both direct materials and conversion for the Forming department.
c. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department.
Calculate the equivalent units of production for both direct materials and conversion for the Forming department.
Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department. (Round your answers to 2 decimal places.)
.
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Required information Skip to question -The following information app (2).docx
1. Required information
Skip to question
[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.
Production cost information for the forming department follows.
Assume that Fields uses the FIFO method of process costing.
a. Calculate the number of units started and completed this period for the Forming department.
b. Calculate the equivalent units of production for both direct materials and conversion for the
Forming department.
c. Calculate the costs per equivalent unit of production for both direct materials and conversion
for the Forming department.
Calculate the equivalent units of production for both direct materials and conversion for the
Forming department.
Calculate the costs per equivalent unit of production for both direct materials and conversion for
the Forming department. (Round your answers to 2 decimal places.)
Units
Direct Materials Conversion
Percent Complete Percent 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 80% 30%
![Required information
Skip to question
[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.
Production cost information for the forming department follows.
Assume that Fields uses the FIFO method of process costing.
a. Calculate the number of units started and completed this period for the Forming department.
b. Calculate the equivalent units of production for both direct materials and conversion for the
Forming department.
c. Calculate the costs per equivalent unit of production for both direct materials and conversion
for the Forming department.
Calculate the equivalent units of production for both direct materials and conversion for the
Forming department.
Calculate the costs per equivalent unit of production for both direct materials and conversion for
the Forming department. (Round your answers to 2 decimal places.)
Units
Direct Materials Conversion
Percent Complete Percent 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 80% 30%](https://image.slidesharecdn.com/requiredinformationskiptoquestion-thefollowinginformationapp2-230221014239-645aa12e/85/Required-information-Skip-to-question-The-following-information-app-2-docx-1-320.jpg)
