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15 Part 2 of 4 Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below.]
15 Part 2 of 4 Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct 1.47 points Unica Materiala Per cent Completa 755 Conversion Percent Completa 250 eBook Beginning ok in procesa inventory Unita atarted this period Completed and translessed Out Ending york in process inventory 23.000 437,000 415,000 105,000 Hint Exercise 20-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and Inventory LO P1 Print References The production department had the cost information below. Beginning work in process inventory Direct materiala $ 253, 655 Convalon 39,000 Coata added this period Direct materiala 1,529,595 Convenien 1,012,100 Total coata to account for $ 292, 655 2,541,695 & 2, 234, 250 a. Compute cost per equivalent unit for both direct materials and conversion (Round "Cost per EUP" to 2 decimal places.) b. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Required a Cost per equivalent unit of production: Weighted average method Direct Materials Conversion Costs Costs EUP EUP Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-weighted average Completed and transferred out Direct materials Conversion Total costs completed and transferred out Ending work in process Direct materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost Conversion Total cost of ending work in process Total costs accounted for
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