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Required Information The following information applies to the questions displayed below.j 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.j The first production department of Stone Incorporated reports the following for April. Direct Materials Percent Complete 80% Conversion Percent complete 20% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 84, eee 442,000 428,eee 106,880 sex 38% The production department had the cost information below. $ 339,288 26,430 $365,638 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,452,832 1,835, 380 2,488, 132 $ 2,853,770 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 declmel places.) Required a Cost per equivalent unit of production: Weighted average method Direct Materials Conversion Total costs Costs EUP Costs EUP - 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 Cost per EUP Total cost Direct materials Conversion out EUP Cost per EUP Total cost Total costs completed and tran Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for 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 80% Percent Complete 20% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 84, eee 442,080 428,eee 106,880 80% 30% Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Equivalent units of production: Weighted average method Direct Materials Units Percent Complete Conversion Percent EUP Complete EUP Total
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