The first production department of Stone Incorporated reports the following for April. Conversion Direct Materials Percent Complete 80% Percent Complete 20% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 74,000 392,000 370,000 96,000 90% 40% Exercise 16-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 The production department had the cost information below. $ 200,420 18,532 $ 218,952 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,191,600 818,688 2,010,288 $ 2, 229, 240 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.) department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Answer is complete but not entirely correct. Conversion $ 18.532 818,688 Required a. Cost per equivalent unit of production: Weighted average method Costs of beginning inventory Costs incurred this period Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Weighted average Direct Materials 200,420 1,191,600 Costs $ 1,392,020 EUP 456,400 $ 3.05 Costs $ 837,220 EUP 334,400 X 2.50 $ Completed and transferred out EUP Total cost Direct materials 370,000 $ Cost per EUP 3.05$ 2.50 1,128,500.00 Conversion 370,000 $ 741,080.00 X Total costs completed and transferred out 1,869,580.00 Ending work in process EUP Total cost Cost per EUP 3.05 86,400 $ $ 263,520.00 Direct materials Conversion Total cost of ending work in process 38,400 2.50 96,000.00 359,520.00 Total costs accounted for 2,229,100.00