The first production department of Stone Incorporated reports the following for AprilDirectMaterialsPercentBeginning work in process inventoryUnits started this periodCompleted and transferred outEnding work in process inventoryThe production department had the cost information below.Beginning work in process inventoryDirect materialsConversionCosts added this periodDirect materialsConversionTotal costs to account forRequired aCost per equivalent unit of production: FIFO methodCosts added this periodEquivalent units of productionCost per equivalent unit of production (rounded to 2 decimals)Required b.Cost assignment-FIFOBeginning work in processTo complete beginning work in processDirect materialsConversionUnits83,000437,000415,000105,000Started and completedDirect materialsConversionCompleted and transferred outEnding work in processDirect materialsConversion#253,65539,000Total costs accounted for1,529,5951,012,100(a) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department. (Round "Cost perEUP" to 2 decimal places.)(b) Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in process atperiod-end. Use the FIFO method. (Round "Cost per EUP" to 2 decimal places.)EUPComplete75890%EUPEUP$.292,6552,541,695$ 2,834,350509,500415,000ConversionPercentComplete25%Direct Materials$$40%Cost per EUP1,529,595 $509,5003.00 $Cost per EUP$0.00 $0.00Cost per EUP$0.000.00Conversion$1,012,100457,0002.21Total costTotal costTotal cost0000

Name: The first production department of Stone Incorporated reports the fol
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: The first production department of Stone Incorporated reports the following for AprilDirectMaterialsPercentBeginning work in process inventoryUnits started this periodCompleted and transferred outEnding work in process inventoryThe production depart