Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me Ch 03 EX3-9 Saved 1 10 points Skipped eBook Required information Use the following information for the Exercises below. (Algo) The following

please help me
image text in transcribed
Ch 03 EX3-9 Saved 1 10 points Skipped eBook Required information Use the following information for the Exercises below. (Algo) The following formation applies to the questions displayed below) The first production department of Stone Incorporated reports the following for April Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process 78,000 756 25$ inventory Units started this period 412,000 Completed and transferred out 390,000 Ending work in process 100,000 BO 305 inventory Hint Ask Print Exercise 3.9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to Sutput and Inventory LO P1 Reference The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 231,275 36,840 $ 268,115 1,296,225 929, 160 2,225,385 2,493,500 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 Apel'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 average method Direct Materials Conversion Costs EUP Total costs Costs Equivalent units of production EUP Cost per equivalent unit of production rounded to 2 decimals) 0 Required b Cost assignment Weighted average Completed and transferred out Cost per EUP EUP Total cost Direct materials Conversion Total cost completed and transferred out Ending work in process EUP Cost per Total cost EUP Direct materials $ 0.00 $ 0.00 Conversion $ 0.00 0.00 Total cost of ending work in process Total costs accounted for

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions