Part 1:

Required information Skip to question [The following information applies to the questions displayed below.] The 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% Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method.

Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method.

Part 2:

Required information

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[The following information applies to the questions displayed below.] The 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.)

Part 3:

Required information

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[The following information applies to the questions displayed below.] The 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%

(a) Compute the number of units started and completed this period for the first production department.

(b) Compute the number of equivalent units of production for both direct materials and conversion for the first production department for April using the FIFO method.

Part 4:

Required information

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[The following information applies to the questions displayed below.] The 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) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department. (Round "Cost per EUP" to 2 decimal places.) (b) Assign costs to the departments outputspecifically, to the units transferred out and to the units that remain in work in process at period-end. Use the FIFO method. (Round "Cost per EUP" to 2 decimal places.)