Ch 03 Ex 3-9 1 The first production department of Stone Incorporated reports the following for April. Direct Materials Conversion Percent 10 Units points Beginning work in process inventory 66,000 Complete Percent Complete 65% 35% Units started this period 352,000 Completed and transferred out 330,000 Ending work in process inventory 88,000 38% eBook Hint Ask Print References Mc Graw Saved Exercise 3-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and 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 Total costs to account for $ 142,285 42,999 $ 185,284 918,775 723,261 1,642,036 $ 1,827,320 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 Costs of beginning inventory Costs incurred this period 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 Conversion Total cost of ending work in process Total costs accounted for Direct Materials $ Conversion 142,285 Costs $ 918,775 1,061,060 EUP $ 400,400 2.65 Costs EUP $ 356,400 0.00 Cost per EUP Total cost 330,000 $ 330,000 $ 2.65 2.15 EUP Cost per EUP Total cost $ 2.65 $ 0.00 $ 2.15 0.00 Prev Help Save & Exit Sub Check my worl