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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. The production department had the cost information below. a. Compute cost per equivalent unit for both direct materials and conversion. Note: 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. Note: Round "Cost per EUP" to 2 decimal places. Required information \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Cost per equivalent unit of production: Weighted averoge method } & \multicolumn{4}{|c|}{ Direct Materials } & \multicolumn{2}{|c|}{ Conversion } \\ \hline \multicolumn{8}{|l|}{ Costs incurred this period } \\ \hline \multicolumn{8}{|l|}{ Costs of beginning inventory } \\ \hline Total costs & & & & & & Costs & \\ \hline +Equivalent units of production & & & & & & EUP & \\ \hline \multicolumn{4}{|c|}{ Cost per equivalent unit of production (rounded to 2 decimals) } & & 0 & & 0 \\ \hline \multicolumn{8}{|l|}{ Required b. } \\ \hline \multicolumn{8}{|c|}{ Cost assignment-Woighted average } \\ \hline Completed and transferred out & EUP & & EUP & & & & \\ \hline \multicolumn{8}{|l|}{ Direct materials } \\ \hline \multicolumn{8}{|l|}{ Conversion } \\ \hline \multicolumn{8}{|c|}{ Total costs completed and transferred out } \\ \hline \multicolumn{2}{|l|}{ Ending work in process } & & EUP & \multicolumn{2}{|c|}{ Total cost } & & \\ \hline Direct materiais & & s & 0.00 & s & 0.00 & & \\ \hline Conversion & & s & 0.00 & & 0.00 & & \\ \hline \multicolumn{7}{|l|}{ Total cost of ending work in process } & \\ \hline Total cosis accounted for & & & & & & & \\ \hline \end{tabular}
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