The first production department of Stone Incorporated reports the following for April.DirectMaterialsBeginning work in process inventoryUnits started this periodCompleted and transferred outEnding work in process inventoryUnits70,000372,000350,00092,000The production department had the cost information below.Beginning work in process inventoryDirect materialsConversionCosts added this periodDirect materialsConversionTotal costs to account for$ 158,32051,7161,062, 050750,904PercentComplete60%85%$210,0361,812,954$ 2,022,990ConversionPercentComplete40%35%a. Compute cost per equivalent unit for both direct materials and conversion.Note: 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 nextdepartment and its ending work in process inventory.Note: Round "Cost per EUP" to 2 decimal places.

Name: The first production department of Stone Incorporated reports the fol
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Description: The first production department of Stone Incorporated reports the following for April.DirectMaterialsBeginning work in process inventoryUnits started this periodCompleted and transferred outEnding work in process inventoryUnits70,000372,000350,00092

Equivalent unit refers to the number of finished units of a product that a corporation could have…

Answered: Compute cost per equivalent unit for…

Business

Accounting

Compute cost per equivalent unit for both direct materials and conversion.

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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