Answer in text with all working Required information.[The following information applies to the questions displayed below.]The first production department of Stone Incorporatec reports the following for April.Beginning work in processinventoryUnits started this periodCompleted and transferred outEnding work in process inventoryThe production department had the cost information below.Beginning work in process inventoryDirect materials.Conversion.Costs added this period.Direct materialsUnits64,000342,000320,00086,000ConversionTotal costs to account for$ 133,97914,663868,426755,552DirectMaterials.PercentComplete80%85%$ 148,6471,623,978$ 1,772,625ConversionPercent.Complete.20%35%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 tothe next department and its ending work in process inventory.Note: Round "Cost per EUP" to 2 decimal places.

Direct material cost is the cost of raw material produced or purchased to produce the final…

Required information [The following information applies to the questions displayed below.] The first production department of Stone Incorporatec reports the following for April. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 64,000 342,000 320,000 86,000 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 $ 133,979 14,663 868,426 755,552 Direct Materials Percent Complete 80% 85% $ 148,647 1,623,978 $ 1,772,625 Conversion Percent Complete 20% 35% 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 information [The following information applies to the questions displayed below.] The first production department of Stone Incorporatec reports the following for April. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 64,000 342,000 320,000 86,000 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 $ 133,979 14,663 868,426 755,552 Direct Materials Percent Complete 80% 85% $ 148,647 1,623,978 $ 1,772,625 Conversion Percent Complete 20% 35% 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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