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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

image text in transcribed 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 Percent Units: Complete Beginning work in process inventory 63,000 75% Percent Complete 258 Units started this period 337,000 Completed and transferred out 315,000 Ending work in process inventory 85,000 80% 30% Exercise 20-8 (Algo) Weighted average: Computing equivalent units of production LO P1 Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted aver method. Equivalent units of production: Weighted average method Units Direct Materials Percent Complete Conversion EUP Percent Complete EUP Total

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