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 83,000 754 254 Units started this period 437,000 Completed and transferred out 415,000 Ending work in process inventory 105,000 904 40 The production department had the cost information below. Beginning work in process inventory Direct materials $ 253,655 Conversion 39,800 $ 292,655 Costs added this period Direct materials 1,529,595 Conversion 1,012,100 2,541,695 Total costs to account for $ 2,834,350 (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.) Required a Cost per equivalent unit of production: FIFO method Direct Materials Conversion Thale Chule Cnete (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.) Required a Cost per equivalent unit of production: FIFO method Direct Materials Conversion Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Costs EUP Costs EUP 0 Required b. Cost assignment-FIFO Beginning work in process To complete beginning work in process EUP Cost per EUP Total cost Direct materials $ 0.00 Conversion Total costs to complete Total cost of complete beginning work in process Started and completed Direct matenals Conversion EUP Cost per EUP Total cost $ 0.00 $ 0.00 $ 0.00 0.00 Total cost of started and completed Los per equivalent unit of producton (rounded to Z oecimais) EUP Cost per EUP Total cost 0.00 Required b. Cont assignment-FIFO Beginning work in process To complete beginning work in process Direct materials Conversion Total costs to complete 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 EUP Cost per EUP Total cost 0.00 $ 0.00 0.00 0.00 EUP Cost per EUP Total cost $ 0.00 $ 0.00 $ 0.00 0.00 Total costs accounted for
