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Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of proceFields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of proce1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of proFields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of proceFields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of proceFields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of proce

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Fields
Weighted Average
Unit reconciliation Whole Units
Beginning work in process inventory          37,000.00
Add: Units started in the month        540,000.00
Less: Ending work in process inventory          40,000.00
Units completed in the month:        537,000.00
Answer 1 Whole Units % Materials EUP- Materials % Conversion EUP- Conversion
Flow of production of units:
Units completed in the month        537,000.00 100%        537,000.00 100%            537,000.00
Units ending in WIP Inventory          40,000.00 80%          32,000.00 30%              12,000.00
Equivalent Units of production        577,000.00        569,000.00           549,000.00
Answer 2 EUP- Materials EUP- Conversion
Cost of beginning work in process          59,200.00              24,900.00
Costs added during the period     1,949,370.00        1,254,270.00
Total cost    2,008,570.00        1,279,170.00
Equivalent Units of production        569,000.00            549,000.00
Cost per Equivalent Unit of production                    3.53                        2.33
Answer 3 EUP Cost per EUP Total Cost
Direct Materials          32,000.00                        3.53        112,960.00
Conversion          12,000.00                        2.33          27,960.00
Total costs of ending work in process      140,920.00
Answer 3 EUP Cost per EUP Total Cost
Direct Materials        537,000.00                        3.53     1,895,610.00
Conversion        537,000.00                        2.33     1,251,210.00
Total costs transferred out 3,146,820.00
Total costs assigned 3,287,740.00
Fields
FIFO
Unit reconciliation Whole Units
Units completed in the month:        537,000.00
Less: Beginning work in process inventory          37,000.00
Started and completed in same month        500,000.00
Answer 1 Whole Units % Materials EUP- Materials % Conversion EUP- Conversion
Flow of production of units:
Beginning work in process inventory          37,000.00 20%            7,400.00 80%              29,600.00
Started and completed in same month        500,000.00 100%        500,000.00 100%            500,000.00
Units ending in WIP Inventory          40,000.00 80%          32,000.00 30%              12,000.00
Equivalent Units of production        577,000.00        539,400.00           541,600.00
Answer 2 EUP- Materials EUP- Conversion
Costs added during the period     1,949,370.00        1,254,270.00
Equivalent Units of production        539,400.00            541,600.00
Cost per Equivalent Unit of production                    3.61                        2.32
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