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 60% Units 75,000 397,000 Percent Complete 40% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory 375,000 97,000 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 EUP Complete Conversion Percent EUP Complete Total The production department had the cost information below. $ 180, 260 48,036 $ 228, 296 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,222,800 800,574 2,023,374 $ 2,251,670 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 Total costs Costs Costs EUP EUP 0 0 EUP Cost per EUP Total cost - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignmentWeighted average Completed and transferred out Direct materials Conversion Total costs completed and transferred out Ending work in process Direct materials EUP Total cost Cost per EUP $ 0.00 $ 0.00 $ 0.00 0.00 Conversion Total cost of ending work in process Total costs accounted for The production department had the cost Information below. $ 180, 260 48,036 $ 228, 296 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,222,800 890,574 2,823,374 $ 2,251,670 (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 Costs Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Costs EUP EUP Required b. Cost assignment-FIFO Beginning work in process To complete beginning work in process EUP Cost per EUP Total cost Direct materials Conversion Total costs to complete Total cost of complete beginning work in process Started and completed EUP Cost per EUP Total cost Direct materials Conversion EUP Cost per EUP Total cost 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