ww** Text: Required information 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 Percent Complete: 70% Conversion Units: 77,000 407,000 385,000 99,000 Percent Complete: Beginning work in process inventory: Units started this period: Completed and transferred out: Ending work in process inventory: 90% 4% Exercise 16-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 The production department had the following cost information: Beginning work in process inventory: Direct materials: $185,086 Conversion Costs added this period: Direct materials: $39,930 Conversion: $225,016 Total costs to account for: $2,247,454 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 Direct Materials: Conversion: Total costs: Equivalent units of production: Costs EUP: Costs EUP: Cost per equivalent unit of production (rounded to 2 decimals): Required: b. Cost assignment - Weighted average Completed and transferred out: Direct materials: EUP: Cost per EUP: Total cost: Conversion: Total costs completed and transferred out: Ending work in process: EUP: Cost per EUP: Total cost: Direct materials: Conversion: Total cost of ending work in process: Total costs accounted for: