The first production department of Stone Incorporated reports the following for April. Direct Materials Percent Complete. 75% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Conversion Costs added this period Direct materials Units 78,000 412,000 The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Total costs to account for 390,000 100,000 $ 231,275 36,840 1,296,225 929,160 80% $ 268,115 2,225,385 $ 2,493,500 Conversion Percent Complete 25% 30% (a) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department. Note: Round "Cost per EUP" 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 at period-end. Use the FIFO method. Note: Round "Cost per EUP" to 2 decimal places.

The first production department of Stone Incorporated reports the following for April. Direct Materials Percent Complete. 75% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Conversion Costs added this period Direct materials Units 78,000 412,000 The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Total costs to account for 390,000 100,000 $ 231,275 36,840 1,296,225 929,160 80% $ 268,115 2,225,385 $ 2,493,500 Conversion Percent Complete 25% 30% (a) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department. Note: Round "Cost per EUP" 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 at period-end. Use the FIFO method. Note: Round "Cost per EUP" to 2 decimal places.

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Description: Please don't give image based answer..thanku The first production department of Stone Incorporated reports the following for April.DirectMaterialsPercentComplete.75%Beginning work in process inventoryUnits started this periodCompleted and transferred

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 20E: Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through...

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