The first production department of Stone Incorporated reports the following for April. Direct Materials Units Beginning...
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The first production department of Stone Incorporated reports the following for April. Direct Materials Units Beginning work in process inventory 63,000 Percent Complete 75% Conversion Percent Complete 25% Units started this period 337,000 Completed and transferred out 315,000 Ending work in process inventory 85,000 80% 30% Exercise 16-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory 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 $ 131,555 24,120 $ 155,675 707,955 1,533,900 $ 1,689,575 825,945 a. Compute cost per equivalent unit for both direct materials and conversion. Note: 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. Note: Round "Cost per EUP" to 2 decimal places. Required a. Cost per equivalent unit of production: Weighted average method Direct Materials Total costs + Equivalent units of production Costs EUP Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Weighted average Completed and transferred out EUP Cost per EUP Total cost 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 Costs EUP 0 EUP Cost per EUP Total cost $ 0.00 $ 0.00 $ 0.00 0.00 Conversion The first production department of Stone Incorporated reports the following for April. Direct Materials Units Beginning work in process inventory 63,000 Percent Complete 75% Conversion Percent Complete 25% Units started this period 337,000 Completed and transferred out 315,000 Ending work in process inventory 85,000 80% 30% Exercise 16-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory 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 $ 131,555 24,120 $ 155,675 707,955 1,533,900 $ 1,689,575 825,945 a. Compute cost per equivalent unit for both direct materials and conversion. Note: 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. Note: Round "Cost per EUP" to 2 decimal places. Required a. Cost per equivalent unit of production: Weighted average method Direct Materials Total costs + Equivalent units of production Costs EUP Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Weighted average Completed and transferred out EUP Cost per EUP Total cost 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 Costs EUP 0 EUP Cost per EUP Total cost $ 0.00 $ 0.00 $ 0.00 0.00 Conversion
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