Subject: Accounting 0Required 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 inventoryUnits80,000422,000400,000102,000ConversionCosts added this periodDirect materialsConversionTotal costs to account forThe production department had the cost information below.Beginning work in process inventoryDirect materials$ 196,30468,624DirectMaterialsPercentComplete60%1,451,226989,29690%Exercise 16-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to outputand Inventory LO P1Percent CompleteConversion$ 264,9282,440,522$ 2,705,45040%40%a. Compute cost per equivalent unit for both direct materials and conversion. (Round "Cost per EUP" to 2 decimalplaces.)b. Using the weighted average method, assign April's costs to the department's output-specifically, its unitstransferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimalplaces.) 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 EUP$$0.000.00$Total costTotal cost00.000.00CostsEUPConversion0

Name: Subject: Accounting 0Required InformationUse the following information
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Description: Subject: Accounting 0Required 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

WEIGHTED AVERAGE METHOD :— Under this method, the equivalent quantity is calculated by adding the…

Business

Accounting

Compute cost per equivalent unit for both direct materials and conversion. (Round "Cost per EUP" to 2 decimal aces.) Using the weighted average method, assign April's costs to the department's output-specifically, its units nsferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal aces.)

Compute cost per equivalent unit for both direct materials and conversion. (Round "Cost per EUP" to 2 decimal aces.) Using the weighted average method, assign April's costs to the department's output-specifically, its units nsferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal aces.)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 12E: a. Based on the data in Exercise 17-11, determine the following: 1. Cost of beginning work in...

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