Please do not give solution in image format thanku !Required informationUse 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.Beginning work in process inventoryUnits started this periodCompleted and transferred outEnding work in process inventoryUnits77,000407,000385,00099,000The production department had the cost information below.Beginning work in process inventoryDirect materialsConversionCosts added this periodDirect materials.ConversionTotal costs to account forExercise 16-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventoryLO P1$ 185,08639,930DirectMaterialsPercentComplete70%1,332,034915,42090%$ 225,016ConversionPercentComplete30%2,247,454$ 2,472,47040%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 nextdepartment 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 methodTotal costs+ Equivalent units of productionCost per equivalent unit of production (rounded to 2 decimals)Required b.Cost assignment-Weighted averageCompleted and transferred outDirect materialsConversionTotal costs completed and transferred outEnding work in processDirect materialsConversionTotal cost of ending work in processTotal costs accounted forEUPEUPCostsEUPDirect MaterialsCost per EUPCost per EUPTotal costTotal costCostsEUPConversion

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

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. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory. Units 77,000 407,000 385,000 99,000 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 $ 185,086 39,930 Direct Materials Exercise 16-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 1,332,034 915,420 Percent Complete 70% 90% $ 225,016 2,247,454 $ 2,472,470 Conversion Percent Complete 30% a. Compute cost per equivalent unit for both direct materials and conversion. Note: Round "Cost per EUP" to 2 decimal places. 40% 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 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. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory. Units 77,000 407,000 385,000 99,000 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 $ 185,086 39,930 Direct Materials Exercise 16-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 1,332,034 915,420 Percent Complete 70% 90% $ 225,016 2,247,454 $ 2,472,470 Conversion Percent Complete 30% a. Compute cost per equivalent unit for both direct materials and conversion. Note: Round "Cost per EUP" to 2 decimal places. 40% 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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