The Following Information Applies To The Questions Displayed Below The First Production Department Of Stone Incorpora 1 (39.65 KiB) Viewed 26 times
The Following Information Applies To The Questions Displayed Below The First Production Department Of Stone Incorpora 2 (42.42 KiB) Viewed 26 times
[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 Complete Percent Complete 35% Beginning work in process inventory Units started this period. 76,000 65% 402,000 Completed and transferred out 350,000 Ending work in process inventory 98,000 85% 35% Exercise 20-9 (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 5.180,444 45,559 Conversion $ 226,003 Costs added this period, Direct materials Conversion 1,278,951 845,186 Total costs to account for 2.124,137 $2,350,140 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, it's 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 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 EUP Costs EUP Cost per EUP Cost per EUP nin Direct Materials 5 0,00 0.00 $ Total cost Total cost 0 0.00 0.00 Costs EUP Conversion.
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