Q Edit View History Bookmarks Window Help ezto.mheducation.com C Home | myLU Lu Homework: Process Costing Assignment M Question 7 - Homework: Process Costing Assignment. Q CDL Combin work: Process Costing Assignment i Saved Help Save & [The following information 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 inventory 78, 000 75% 25%% Units started this period 412, 000 Completed and transferred out 390, 000 Ending work in process inventory 100, 000 80%% 30% The production department had the cost information below. Beginning work in process inventory nces Direct materials $ 231, 275 Conversion 36 , 840 $ 268, 115 Costs added this period Direct materials 1, 296, 225 Conversion 929 , 160 2, 225, 385 Total costs to account for $ 2, 493, 500 (a) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department. Note: Round "Cost per EUP" to 2 decimal places. (b) Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in process at period-end. Use the FIFO method. Note: Round "Cost per EUP" to 2 decimal places. NOV 6 stv 4 MacBook Air 20 DD A F3 F4 F5 F6 F7 F8 F9 F10 @ % & 2View History Bookmarks Window Help O ezto.mheducation.com C | myLU Lu Homework: Process Costing Assignment M Question 7 - Homework: Process Costing Assignment.. Process Costing Assignment i Saved Required information Cost per equivalent unit of production: FIFO method Direct Materials Conversion Costs added this period + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) 0 Required b. Cost assignment-FIFO Beginning work in process To complete beginning work in process EUP Cost per EUP Total cost Direct materials Conversion Started and completed EUP Cost per EUP Total cost Direct materials $ 0.00 $ 0 Conversion 0.00 Completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials $ 0.00 $ o Conversion 0.00 0 NOV 6 stv MacBook Air 80 DII DD F2 F3 F4 F5 F6 F7 F8 F9