Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The 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 31,500 units in inventory, 75% complete as to materials and 25% complete as to conversion costs. The beginning inventory cost of $73,100 consisted of $52,600 of direct materials costs and $20,500 of conversion costs. During the month, the forming department started 430,000 units. At the end of the month, the forming department had 30,000 units in ending inventory, 85% complete as to materials and 35% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department is as follows: Beginning work in process inventory Direct materials added during the month Conversion added during the month $ 73,100 1,615,450 1,088,920 Exercise 20-6 Weighted average: Cost per EUP and costs assigned to output LO C2 1. Calculate the equivalent units of production for the forming department. Direct Materials 457,000 Conversion 445,000 2. Calculate the costs per equivalent unit of production for the forming department. Direct Materials per EUP per EUP Conversion 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 Direct materials EUP Cost per EUP Total cost 431,500 Conversion 431,500 Total costs transferred out EUP Total cost Costs of ending work in process Direct materials Cost per EUP $ 0.00 0.00 $ 0.00 0.00 Conversion Total cost of ending work in process Total costs assigned