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Required information (The following information applies to the questions displayed below] The first production department of Stone Incorporated reports the following for April. Direct Materials
Required information (The following information applies to the questions displayed below] The first production department of Stone Incorporated reports the following for April. Direct Materials Conversion Units Percent Complete Percent Complet Beginning work in process inventory 77,000 70% 30% Units started this period 407,000 Completed and transferred out 385,000 99,000 90% 40% Ending work in process inventory 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 $ 185,086 39,930 $225,016 1,332,834 915,420 2,247,454 $ 2,472,470 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 average method Costs of beginning inventory Direct Materials Conversion Costs incurred this period Total costs Equivalent units of production Costs EUP Costs EUP Check my work
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