The Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing.
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 27,000 units in inventory, 70% complete to materials and 30% complete to conversion costs. The beginning inventory cost of $56,100 consisted of $40,000 of direct materials costs and $16,100 of conversion costs. During the month, the […]