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The first production department of Stone Incorporated reports the following for April. Direct Check my work Materials Conversion Units Percent Complete Percent Complete Beginning work
The first production department of Stone Incorporated reports the following for April. Direct Check my work Materials Conversion Units Percent Complete Percent Complete Beginning work in process inventory 81,000 65% 35% Units started this period 427,000 Completed and transferred out 405,000 Ending work in process inventory 103,000 80% 30% $ 222,485 65,382 $287,867 The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,434,675 1,002,573 2,437,248 $ 2,725,115 Required information 1907 73 Check my work 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 Costs of beginning inventory Costs incurred this period Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimal) Required b. Cost assignment-Weighted average Completed and transferred out Direct Materials Conversion $ 222,485 $ 65 1,434,675 1,002 Costs $ 1,657,160 Costs $ 1,067 EUP EUP 0 EUP Cost per EUP Total cost < Prev 3 4 5 of 5 Next > Required information . Cost assignment-Weighted average 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 Cost per EUP Total cost EUP Cost per EUP Total cost $ 0.00 $ 0.00 S 0.00 0.00 < Prev 3 4 5 of 5 Next > Check my work
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