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 70,000 60 40 Units started this period 372,000 Completed and transferred out 350,000 Ending work in process inventory 92,000 85 35 Exercise 3 11A (Algo) FIFO Costs assigned to output LO C2 The production department had the cost information below Beginning work in process inventory Direct materials $ 158,320 Conversion 51,716 $ 210,036 Costs added this period Direct materials 1,062,050 Conversion 750,904 1,812,954 Total costs to account for $ 2,022,990 (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 )

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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

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

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[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
	Units	Percent Complete	Percent Complete
Beginning work in process inventory	70,000	60%	40%
Units started this period	372,000
Completed and transferred out	350,000
Ending work in process inventory	92,000	85%	35%

Exercise 3-11A (Algo) FIFO: Costs assigned to output LO C2

The production department had the cost information below.

Beginning work in process inventory
Direct materials	$ 158,320
Conversion	51,716	$ 210,036
Costs added this period
Direct materials	1,062,050
Conversion	750,904	1,812,954
Total costs to account for		$ 2,022,990

(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.)