15/16

Required information Part 2 of 4 Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below.] 1.17 The first production department of Stone Incorporated reports the following for April. points Skipped Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 84,000 80% Book Units started this period 442,000 Completed and transferred out 420, 000 Ending work in process inventory 106,000 30% Hint Exercise 16-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output Print and inventory LO P1 he cost information below. References Beginning work in process inventory Direct materials 339, 208 26,430 Costs added the $ 365, 638 Direct materials 1, 452, 832 Conversion 1, 035, 380 2, 488, 132 Total costs to account for $ 2,853, 770 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 Total costs Costs Costs * Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) 0 Required b. Cost assignment-Weighted average Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Total costs completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials 0.00 $ 0.00 Conversion 0.00 0.00 Total cost of ending work in process Total costs accounted for Check my won 16 Required information Part 3 of 4 Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] 1.17 points The first production department of Stone Incorporated reports the following for April. Skipped Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 80% 20% BOO Units started this period 442, 000 Completed and transferred out 420, 000 Ending work in process inventory 106, 000 80% 30% Hint Exercise 16-10A (Algo) FIFO: Computing equivalent units of production LO C2 Print (a) Compute the number of units started and completed this period for the first production department. References Units started and completed b) Compute the number of equivalent units of production for both direct materials and conversion for the first production department for April using the FIFO method. Equivalent units of production: FIFO method Direct Materials Conversion Units Percent EUR Added EUP Percent Added Equivalent units of production