Use the following information for the Exercises below. (Algo)

Skip to question

[The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April.

	Units	Direct Materials	Conversion
		Percent Complete	Percent Complete
Beginning work in process inventory	84,000	80%	20%
Units started this period	442,000
Completed and transferred out	420,000
Ending work in process inventory	106,000	80%	30%

Exercise 16-11A (Algo) FIFO: Costs assigned to output LO C2

The production department had the cost information below.

Beginning work in process inventory
Direct materials	$ 339,208
Conversion	26,430	$ 365,638
Costs added this period
Direct materials	1,452,832
Conversion	1,035,300	2,488,132
Total costs to account for		$ 2,853,770

(a) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department. (Round "Cost per EUP" to 2 decimal places.) (b) Assign costs to the departments outputspecifically, to the units transferred out and to the units that remain in work in process at period-end. Use the FIFO method. (Round "Cost per EUP" to 2 decimal places.)