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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 68,000 75% 25%
Units started this period 362,000
Completed and transferred out 340,000
Ending work in process inventory 90,000 90% 40%

Exercise 16-11A (Algo) FIFO: Costs assigned to output LO C2

The production department had the cost information below.

Beginning work in process inventory
Direct materials $ 151,350
Conversion 23,230 $ 174,580
Costs added this period
Direct materials 1,006,400
Conversion 728,770 1,735,170
Total costs to account for $ 1,909,750

(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 departments outputspecifically, 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.)

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