Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

5 Part 2 of 2 66 oints Required information Use the following information for the Exercises below. (Static) [The following information applies to the

image text in transcribedimage text in transcribed

5 Part 2 of 2 66 oints Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct eBook Hint Print References Units Beginning work in process inventory Units started this period 60,000 Materials Conversion Percent Percent Complete Complete 60% 40% 322,000 Completed and transferred out 300,000 Ending work in process inventory 82,000 80% 30% Exercise 20-9 (Static) Weighted average. inventory LO P1 The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion per equivalent unit; costs assigned to output and $ 118,472 48,594 $ 167,066 Total costs to account for 850, 368 649,296 1,499,664 $ 1,666,730 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.) Prev of 6 Next > 5 A Crime Costner Paulvalem I Doin reci materials and conversion Required information Part 2 of 2 Required a. ROUND LOST Der UP TO OPCIMAI DIACPSJ Cost per equivalent unit of production: Weighted average method Direct Materials 1.66 points Total costs Equivalent units of production Costs EUP eBook Hint Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Weighted average Print Completed and transferred out EUP Cost per EUP Total cost References Direct materials Conversion Total costs completed and transferred out Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per EUP Total cost Costs EUP Conversion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

9781285586618

More Books

Students also viewed these Accounting questions

Question

Find (a) r'(t) (b) r"(t) (c) r'(t) . r"(t). r(t) = (t + 4t) i - 3tj

Answered: 1 week ago