O 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 Conversion Direct Materials Percent Complete BON Percent Complete 20% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 64,000 342.000 320,000 86,000 85% 35% Exercise 20-8 (Algo) Weighted average: Computing equivalent units of production LO P1 Compute the number of equivalent units of production for both direct materials ond conversion for April using the weighted average method. Equivalent units of production: Weighted average method Direct Materials Units Porcent Complete EUP Conversion Percent Complete EUP Total 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 Conversion Direct Materials Percent Complete BOX Percent Complete 20% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 64,000 342,000 320,000 86,600 85% 35% Exercise 20-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 The production department had the cost information below $ 133,979 14,668 $ 148,647 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 868,426 755,552 1,623 978 $ 1,772,625 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 averago method Direct Materials Conversion Costs EUP Costs EUP Total costs -Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment Weighted average Combleted and transferred out 0 EUP Cost Der EUP Total cost Exercise 20-9 (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 5 133,979 Conversion 14.666 Coats added this period Direct materials 858,426 Conversion 755,552 Total costs to account for $ 148,647 323978 $ 1.772,625 6. 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, ossign 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 EUPto 2 decimal places.) Required a Cost per equivalent unit of production: Weighted average method Direct Materials conversion 5 Costs BUP Costs EUP 0 EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required be Cost assignment Weighted average Completed and transferred out Direct materials Conversion Total cost completed and transferred out Ending work in process Direct materials Conversion Total cost of ending work in process Tot costs accounted for EUP Cost per EUP $ 0.00 $ 5 0.00 Total cost 0.00 0.00
