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 Percent Units Complete Complete Beginning work in process inventory 64,000 80 20 Units started this period 342,000 Completed and transferred out 320,000 Ending work in process inventory 86,000 35 858 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 average method Equivalent units of production: Weighted average method Direct Materials Units Percent Complete EUP Conversion Percent EUP Complete Total 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 Percent Complete 80% Conversion Percent Complete 209 Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 64,080 342,000 320,000 86,000 854 354 Exercise 20-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 ces The production department had the cost information below. Beginning work in process inventory Direct materials $ 133,979 Conversion 14,668 Costs added this period Direct saterials 868,426 Conversion 755,552 Total costs to account for $ 148,647 1,623,978 $ 1,772,625 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.) Required a Cost per equivalent unit of production: Weighted average method Direct Materials Conversion Costs Costs EUP EUP 0 0 Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Weighted average Completed and transferred out Direct matonals EUP Cost per EUP Total cost Exercise 20-9 (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 $ 133,979 Conversion 14,668 $ 148,647 Costs added this period Direct materials 868,426 Conversion 755,552 1,623,978 Total costs to account for $ 1,772,625 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.) Required a Cost per equivalent unit of production: Weighted average method Direct Materials Conversion Costs EUP Costs EUP 0 EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Weighted averago Completed and transferred out Direct materials Conversion Total costs completed and transferred out Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Total cost Cost per EUP $ 0.00 $ $ 0.00 0.00 0.00
