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. Direct Materials Percent Complete 70% Conversion Percent Complete 30% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 72,000 382,000 360,000 94,000 804 30% xercise 3-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to LO P1 The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 167,920 38,028 $ 205,948 1,115,920 777,192 1,893, 112 $ 2,099, 060 Total costs to account for a. Compute cost per equivalent unit for both direct materials and conversion. (Round "Cost per EUP" to 2 de 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, its 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 Direct Materials Conversion Costs of beginning inventory 167,920 38,028 Costs incurred this period 1,115,920 777,192 Total costs Costs 24 1,283,840 Costs 24 815,220 Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Weighted average Completed and transferred out EUP Cost per EUP Total cost Direct materials 360,000 Conversion 360,000 Total costs completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials 38,028 $ 3.35 $ 127,393.80 Conversion %24 0.00 0.00 Total cost of ending work in process Total costs accounted for