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The first production department of Stone Incorporated reports the following for April.
Units
Direct Materials
Conversion
Percent Complete
Percent Complete
Beginning work in process inventory
60,000
60%
40%
Units started this period
322,000
Completed and transferred out
300,000
Ending work in process inventory
82,000
80%
30%
The production department had the cost information below.
Beginning work in process inventory
Direct materials
$ 118,472
Conversion
48,594
$ 167,066
Costs added this period
Direct materials
850,368
Conversion
649,296
1,499,664
Total costs to account for
$ 1,666,730
(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 departments outputspecifically, 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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