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Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing.

Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 27,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. The beginning inventory cost of $56,100 consisted of $40,000 of direct materials costs and $16,100 of conversion costs.

During the month, the forming department started 320,000 units. At the end of the month, the forming department had 35,000 units in ending inventory, 80% complete as to materials and 40% complete as to conversion. Units completed in the forming department are transferred to the painting department.

Cost information for the forming department follows.

     
Beginning work in process inventory $ 56,100
Direct materials added during the month   1,660,000
Conversion added during the month   929,300
 

1. Calculate the equivalent units of production for the forming department.
2. Calculate the costs per equivalent unit of production for the forming department.
3. 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.

   
 
   

Calculate the equivalent units of production for the forming department.

   
 
 
   
Direct Materials  
Conversion  
 
 
   
Direct Materials   per EUP
Conversion   per EUP

Complete this question by entering your answers in the tabs below.

  • Required 1
  • Required 2
  • Required 3

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.

   
 
 
Cost Assignment and Reconciliation        
Cost of units transferred out EUP Cost per EUP Total cost  
Direct materials        
Conversion        
Total costs transferred out        
Costs of ending work in process EUP Cost per EUP Total cost  
Direct materials   $0.00 0.00  
Conversion   $0.00 0.00  
Total cost of ending work in process        
Total costs assigned        

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