Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct Materials Conversion Percent Units Beginning work in process inventory 72,000 Complete 70% Percent Complete 30% Units started this period 382,000 Completed and transferred out 360,000 Ending work in process inventory 94,000 80%" 30% Exercise 3-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to LO P1 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 $167,920 38,028 $ 205,948 1,115,920 777,192 1,893,112 $ 2,099,060 a. Compute cost per equivalent unit for both direct materials and conversion. (Round "Cost per EUP" to 2 de 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 Direct Materials Conversion $ 167,920 $ 38,028 1,115,920 777,192 Costs $ 1,283,840 Costs $ 815,220 EUP EUP Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. 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 360,000 360,000 EUP Cost per EUP Total cost 38,028 $ $ 3.35 $ 0.00 127,393.80 0.00 0