Required information
Use the following information for the Exercises below. Algo
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.
Beginning work in process
Direct materials
Conversion
Costs added this period
Direct materials
Conversion
Total costs to account for
Exercise A Algo FIFO: Cost per EUP LO C
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.I
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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Required
Calculate the number of units started and completed this period for the Forming department.