Fields Company has two manufacturing departments, Forming and Painting. The company uses the weighted average...
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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. 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. 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. Cost Assignment and Reconciliation Completed and transferred out Direct materials Conversion Total Completed and transferred out Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for
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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. 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. 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. Cost Assignment and Reconciliation Completed and transferred out Direct materials Conversion Total Completed and transferred out Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for 