17.) Required information

Use the following information for the Exercises below. (Algo)

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[The following information applies to the questions displayed below.]

The first production department of Stone Incorporated reports the following for April.

	Units	Direct Materials	Conversion
Percent Complete	Percent Complete
Beginning work in process inventory	74,000	80%	20%
Units started this period	392,000
Completed and transferred out	370,000
Ending work in process inventory	96,000	90%	40%

Exercise 20-11A (Algo) FIFO: Costs assigned to output LO C2

The production department had the cost information below.

Beginning work in process inventory
Direct materials	$ 200,420
Conversion	18,532	$ 218,952
Costs added this period
Direct materials	1,191,600
Conversion	818,688	2,010,288
Total costs to account for		$ 2,229,240

(a) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department.

Note: Round "Cost per EUP" to 2 decimal places.

(b) Assign costs to the departments outputspecifically, to the units transferred out and to the units that remain in work in process at period-end. Use the FIFO method.

Note: Round "Cost per EUP" to 2 decimal places.