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Having trouble with accounting problem need help The first production department of Stone Incorporated ports yle followtpifo( pril] Beginning work in process inventory Units started
Having trouble with accounting problem need help
The first production department of Stone Incorporated ports yle followtpifo( pril] Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory 97 4071 385;' ect Materials Percent emplete '70% 90% Conversion Percent Complete The production department had the cost information el Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 183'B6 39 930 1 *332, 034 915,42 $ 225,016 2, 247,454 (a) Calculate the costs per equivalent unit of production or th dire materials' ang gonversipn (or the department; Note: Round "Cost per EUPtt to 2 decimal places: (b) Assign costs to the department's output.spec\fically, to he units transferryd OYtl to the units that remain in work in process at period-end- Use the FIFO method Note: Round "Cost per EUPO to 2 decimat places. Required a. Cost per equivalent unit of production; FIFO method + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. total, Cost? W to account for. (a) Calculate the costs per equivalent unit 10! bot Note: Round "Cost per EUP" to 2 decimal piaceg, (b) Assign Costs to the depattmentts outputspecifically), 'tg Ille un period-end. use the FIFO method. Note: Round "Cost per EUP't to 2 decimal places, Required a. Cost per equivalent unit of production: FIFO method + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignmentFIFO Beginning work in process To complete beginning work in process Direct materials Conversion Started and completed Direct materials Conversion Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for EUP EUP EUP Direct Materials Direct Materials, Cost per EUP Cost per EUP Conversion Total cost Total costi 000 $ 000 Cost per EUP Total cost 000 $ ono
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