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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
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. Conversion Direct Materials Percent Complete 80% Percent Complete 2ex Beginning work in process inventory Units started this period Completed and transterred out Ending work in process inventory Units 69,080 367,000 345,000 91.000 80% 3ex Exercise 3-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and Inventory LO P1 The production department had the cost Information below. $ 208,950 24,705 $ 233,655 Beginning work in process Inventory Direct materials Conversion costs added this period Direct materials conversion Total costs to account tur 968, 890 738.510 1.099.480 3.1.933,055 a. Compute cost per equivalent unit for both direct materials and conversion (Round "Cost per EUP" to 2 decimal places.) b. Using the welghted 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.) 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.) Direct Materials Conversion 208.450 208,950 $ Costs EUP Costs EUP 0 Required a Cost per equivalent unit of production: Weighted average method Costs incurred this period Costs of beginning inventory Total costs -Equivalent units of production Cost per equivalent unt of production (rounded to 2 decimals) Required by Costassignment-Weighted average Completed and translated out EUP Oirea materials Conversion Total costs completed and stored out Ending work in process EUP Det materials Conversion Total cost of ending work pro You bout duted for Cost per EUP Total cost Total cost Cost per EUP 5 0003 $ 0.00 0.00 0.00
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