nnectmheducationcomflowconnecthtml Chapter 20 6 012 Total pa

nnect.mheducation.com/flow/connect.html Chapter 20 6 0/12 Total paints awarde Required information [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 25,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $60,100 consisted of $44,800 of direct materials costs and $15,300 of conversion costs During the month, the forming department started 300,000 units. At the end of the month, the forming department hacd 30,000 units in ending inventory, 80% complete as to materials and 30% 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 work in process inventory materials added during the month S 60,100 231,200 896,700 Conversion added during the month Calculate the equivalent units of production for the forming department

Solution

1.

Working:

2.

3.

Equivalent Units of Production (EUP) - Weighted Average Method
	Units	% Materials	EUP-Materials	% Conversion	EUP-Conversion
Units completed and transferred out	295000	100%	295000	100%	295000
Ending work in process	30000	80%	24000	30%	9000
Equivalent units of production			319000		304000