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 Percent Units Complete Complete Beginning work in process inventory 78,000 750 255 Units started this period 412,000 Completed and transferred out 390,000 Ending work in process inventory 100.000 008 30 The production department had the cost information below. $ 231,275 36,840 $ 268,115 Beginning work in process inventory Direct materials Conversion costs added this period Direct materials Conversion Total conts to account toc 1,296,225 925,160 2.225,305 $ 2,493,500 (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 of period-end. Use the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Required a Cost per equivalent unit of production: FIFO method Costs added this period Conversion Direct Materials 1,200,225 929.100 (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 period end. Use the FIFO method. (Round "Cost per EUP to 2 decimal places.) Conversion $ Required a. Cost per equivalent unit of production: FIFO method Costs added this period Total costs -Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Direct Materials $ Costs S EUP $ 1.296.225 1.295.225 411,500 3.15 Costs EUP 929,160 329,100 400,500 232 $ EUP Cost per LUP Total cost Required b. Cost assignment-FIFO Deginning work in procou To complete beginning work in process Direct materials Conversion Total costs to come Total cost of complete beginning work in process Started and completed Direct materials Conversion Total cost of started and completed 5 0.00 EUP Cost per EUP Total cost $ 0.00 $ 0.00 $ 0.00 0.00 Required information 0,500 232 EUP Cost per EUP Total cost 5 0.00 EUP Cost per EUP Required b. Cost assignment-FIFO Deginning work in process To complete beginning work in process Direct materials Conversion Totalcouts to completo Total cost of complete beginning work in process Started and completed Direct materials Conversion Total cost of started and completed Completed and transferred out Ending work in process Direct materials Conversion costs Total cost of ending inventory work in process Total costs accounted for $ 0.00 $ 0.00 Total cost 0.00 0.00 5 EUP Total cost Cost per EUP $ 0.00 S $ 0.00 0.00 0.00
