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

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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct Materials Conversion Units Beginning work in process inventory 73,000 Percent Complete 75% Percent Complete 25% Units started this period 387,000 Completed and transferred out 365,000 Ending work in process inventory 95,000 85% 35% Exercise 3-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1

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