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. 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 department and its ending work in process inventory. Note: Round "Cost per EUP" to 2 decimal places. 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. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Required a. } \\ \hline Cost per equivalent unit of production: Weighted average method & Direct Materials & Conversion \\ \hline Costs incurred this period & & \\ \hline \multicolumn{3}{|l|}{ Costs of beginning inventory } \\ \hline Total costs & Costs & Costs \\ \hline Equivalent units of production & EUP & EUP \\ \hline \multicolumn{2}{|c|}{ Cost per equivalent unit of production (rounded to 2 decimals) } & \\ \hline \multicolumn{3}{|l|}{ Required b. } \\ \hline \multicolumn{2}{|l|}{ Cost assignment-Weighted average } & \\ \hline \end{tabular} Required b