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please please help due in 1 hour Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions
please please help due in 1 hour
Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions dispayed 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 inventory 69,000 80 204 Units started this period 367.000 Completed and transferred out 345,000 Ending work in process inventory 91,000 809 309 Exercise 3-9 (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 $ 200,950 Conversion 24,705 $ 233,655 Costs added this period Direct materials 960, 890 Conversion 738, 510 1,699,400 Total costs to account for $ 1,933,055 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.) Direct Materials $ Conversion $ 345,000 208,950 960,890 1.169,840 $ Costs EUP Costs EUP Required a Cost per equivalent unit of production: Wolghted average method Costs incurred this period Costs of beginning inventory Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost asalgnment--Weighted average Completed and transferred out EUP Direct materials Conversion 0 0 Cost per EUP Total cost Saved 345,000 91, een Completed and transferred out Ending work in process inventory BOS 30 Exercise 3-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 $ 233,655 The production department had the cost information below. Beginning work in process inventory Direct materials $ 200,950 Conversion 24,705 Costs added this period Direct materials 960,890 Conversion 738, 510 Total costs to account for 1,699,400 $ 1,933,055 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.) Direct Materials $ Conversion $ 345,000 208,950 960,890 1,169,840 $ Costs Costs EUP EUP 0 0 Total cost Cost per EUP Required a Cost per equivalent unit of production: Weighted average method Costs incurred this period Costs of beginning inventory Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Weighted average Completed and transferred out EUP Direct materials Conversion Total costs completed and transferred out Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for Total cost EUP 0.00 Cost per EUP $ 0.00 $ $ 0.00 0.00 Step by Step Solution
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