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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 Percent Complete 60% Percent Complete Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 70,000 372,000 350,000 92,000 35* 35% The production department had the cost Information below. $ 158,320 51,716 $ 210,036 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,062,050 750,900 1,312,954 $ 2,022,990 o. 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.) Date Total costs to account for $ 2,022, 990 o. 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 Direct Materials Conversion Costs Costs EUP EUP 0 0 Ences EUP Cost per EUP Total cost TOM OSS - Equivalent units of production Cost por equivalent unit of production (rounded to 2 decimals) Required b Cost assignment-Weighted average Completed and transferred out 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 EUP Cost per EUP $ 000 $ $ 000 Total cost 000 0.00
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