Question
he first production department of Stone Incorporated reports the following for April. Units Direct Materials Conversion Percent Complete Percent Complete Beginning work in process inventory
he first production department of Stone Incorporated reports the following for April.
Units | Direct Materials | Conversion | |
---|---|---|---|
Percent Complete | Percent Complete | ||
Beginning work in process inventory | 62,000 | 70% | 30% |
Units started this period | 332,000 | ||
Completed and transferred out | 310,000 | ||
Ending work in process inventory | 84,000 | 90% | 40% |
The production department had the cost information below.
Beginning work in process inventory | ||
---|---|---|
Direct materials | $ 126,862 | |
Conversion | 32,560 | $ 159,422 |
Costs added this period | ||
Direct materials | 817,858 | |
Conversion | 689,000 | 1,506,858 |
Total costs to account for | $ 1,666,280 |
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 Aprils costs to the departments outputspecifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.)
Using the weighted average method, assign Aprils costs to the departments outputspecifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.)
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