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Required information Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] The first

Required information

Use the following information for the Exercises below. (Algo)

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[The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April.

Units Direct Materials Conversion
Percent Complete Percent Complete
Beginning work in process inventory 84,000 80% 20%
Units started this period 442,000
Completed and transferred out 420,000
Ending work in process inventory 106,000 80% 30%

Exercise 16-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1

The production department had the cost information below.

Beginning work in process inventory
Direct materials $ 339,208
Conversion 26,430 $ 365,638
Costs added this period
Direct materials 1,452,832
Conversion 1,035,300 2,488,132
Total costs to account for $ 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 Aprils costs to the departments outputspecifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.)

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