Required information (The following information applies to the questions displayed below.) The first production department of Stone Incorporated reports the following for April Conversion Direct Materials Percent Complete BOX Percent Complete -20% Beginning work in process Inventory Units started this period Completed and transferred out Ending work in process inventory Units 69,000 367,000 345,000 91,000 80% 30% Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method Compute the number of equivalent units of production for both direct materials and conversion for April using the welghted average method Equivalent units of production: Weighted average method Direct Materials Units Percent EUP Complete Conversion Percent EUP Complete Total es The production department had the cost information below. Beginning work in process inventory Direct naterials $ 200,950 Conversion 24,705 Costs added this period Direct materials 960, 890 Conversion 738,510 Total costs to account for $ 233,655 1,699,400 $ 1,933,055 . 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 Required information Required a Cost per equivalent unit of production: Welchted average method Direct Materials Conversion Costs EUP Costs EUP 0 0 Total COSTS - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment Weighted averago Completed and transferred out Direct materials Conversion Total costs completed and transferred out Ending work in process Direct motorals EUP Cost per EUP - Total cost ke EUP Coot per EUP 5 000 5 Total cost 000 0 -Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Weighted average Completed and transferred out Direct materials EUP Cost per EUP Total cost EUP 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 Cost per EUP $ 000 $ $ 0.00 Total cost 000 0.00 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 Percent Complete sex Conversion Percent Complete 20% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 69,000 367,000 345,000 91,000 sex 30% (a) Compute the number of units started and completed this period for the first production department, Units started and complotod SUL CU LU LUTER (a) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department. (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 perlod end. Use the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Required a Cost per equivalent unit of production: FIFO method Direct Materials Conversion Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Costossignment FIFO Beginning work in process To complete beginning work in process EUP Cost per EUP Total cost Required b Cost assignment-FIFO Beginning work in process To complete beginning work in process Direct materials Conversion EUP Cost per EUP Total cost EUP Started and completed Direct materials Cost per EUP Total cost Conversion Completed and transferred out Ending work in process EUP Cost per EUP Total cost Required information Conversion EUP Started and completed Direct materials Cost per EUP Total cost Conversion Completed and transferred out Ending work in process Direct materials EUP Cost per EUP Total cost Conversion Total costs accounted for
