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 16-10A (Algo) FIFO: Computing equivalent units of production LO C2

A.Compute the number of units started and completed this period for the first production department.

Units started and completed

B. Compute the number of equivalent units of production for both direct materials and conversion for the first production department for April using the FIFO method.

Equivalent units of production: FIFO method
	Units	Direct Materials		Conversion
		Percent Added	EUP	Percent Added	EUP
Equivalent units of production	0

Required information

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 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	$ 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.)

Required a.
Cost per equivalent unit of production: FIFO method		Direct Materials	Conversion
Equivalent units of production		1
Cost per equivalent unit of production (rounded to 2 decimals)		$0.00	0
Required b.
Cost assignmentFIFO
Beginning work in process
To complete beginning work in process	EUP	Cost per EUP	Total cost
Direct materials
Conversion
Started and completed	EUP	Cost per EUP	Total cost
Direct materials		$0.00	$0
Conversion		0.00	0
Completed and transferred out
Ending work in process	EUP	Cost per EUP	Total cost
Direct materials		$0.00	$0
Conversion		0.00	0
Total costs accounted for