Stone Incorporated's initial production department reported for April.

	units	Direct Ingredients	convert
		Completion Percentage	Completion Percentage
Getting started in process inventory	60.000	%60	%40
Units started in this period	322.000
Completed and transferred	300.000
Finishing work in process inventory	82.000	%80	%30

The production department had the following cost information.

Getting started in process inventory
Direct materials	118.472 $
convert	48.594	167.066 $
Costs added during this period
Direct materials	850.368
convert	649.296	1.499.664
Total costs to be calculated		1.666.730 $

A. Calculate the equivalent cost per unit for both direct materials and conversion.
B. Using the weighted average method, assign April costs to the department's output, specifically its units transferred to the next department, and finished work in the process inventory.

Answer rating: 100% (QA)

A Calculate the Equivalent Cost Per Unit Equivalent Units for Direct Materials Equivalent Units Unit... View the full answer