and 3 The following information applies to the questions displayed below) The Fi

Question

and

3 The following information applies to the questions displayed below) The Fields Company has two manufacturing departments, forming and painting. The company uses the method of process costing. At the beginning of the month, the forming departm ent has 30,000 units in inventory, 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $69,100 consisted of $50,200 of direct materials costs and $18,900 of conversion costs. Print During the month, the forming department started 390,000 units. At the end of the month, the forming department had 40.000 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: Seginning work in process inventory $ 69, 10e 1,587, 168 1,031,66e ion added during the month Calculate the equivalent units of production for the forming cepartment

Explanation / Answer

Fields Company

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Direct materials 412000 Conversion 392000

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