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Assume that Fields uses the FIFO method of process costing.

Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the equivalent units of production for both direct materials and conversion for the Forming department. Direct Materials Conversion Beginning work in process Started and completed Ending work in process Units Percent Added EUP 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 Forming department. (Round your answers to 2 decimal places.) Costs added this period + Equivalent units of production (from part b) Cost per equivalent unit of production Direct Materials EUP per EUP Required information [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 inventory Units started this period Completed and transferred 295,000 Beginning work in process Direct materials Conversion out Ending work in process inventory Production cost information for the forming department follows. Costs added this period Direct materials Conversion Units 25,000 60% Total costs to account for 300,000 Direct Materials Conversion Percent Percent Complete Complete 30,000 80% $44,800 15,300 $ 60,100 1,231, 200 896,700 2,127,900 $ 40% 2,188,000 30% 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

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