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2 Part 2 of 2 O oints 01:49:49 eBook Required information Use the following information for the Exercises below. (Algo) [The following information applies to
2 Part 2 of 2 O oints 01:49:49 eBook 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 Materials Percent Complete 60% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 75,000 397,000 375,000 97,000 The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Exercise 16-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 $ 180,260 48,036 80% 1,222,800 800,574 $ 228,296 Conversion Percent Complete 40% 2,023,374 $ 2,251,670 30% a. Compute cost per equivalent unit for both direct materials and conversion. Note: 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
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