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 76,000 654 35% Units started this period 402,000 Completed and transferred out 380,000 Ending work in process inventory 98,000 854 35 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: Wolghted average method Direct Materials Units Porcent EUP Complete Conversion Percent EUP Complete Total 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 76,000 654 35N Units started this period 402,000 Completed and transferred out 380,880 Ending work in process inventory 98,000 859 355 21 The production department had the cost information below. Beginning work in process inventory Direct materials $ 180, 444 Conversion 45 559 $ 226,003 Costs added this period Direct materials 1,278,951 Conversion 845, 186 2,124, 137 Total costs to account for $12,350,140 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 Direct Materials Conversion Costs EUP Coats EUP EUP Cost per EUP Total cost Total costs -Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimal) Required b Cost assignment-Weighted average Completed and transferred out Direct malenais Conversion Total costs completed and wansferred out Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per EUP Total cost 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 76,000 655 35% Units started this period 402,000 Completed and transferred out 380,000 Ending work in process inventory 98,000 854 35% The production department had the cost information below. Beginning work in process inventory Direct materials $ 180,444 Conversion 45,559 $ 226,803 Costs added this period Direct materials 1,278,951 Conversion 845,186 2,124, 137 Total costs to account for $ 2,350,140 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 Direct Materials Conversion Costs EUP Costs EUP EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Wolghted 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 Total cost
