(Solved): (a) Calculate the costs per equivalent unit of production for both direct materials and convers ...

(a) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department. (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. (Round "Cost per EUP" to 2 decimal places.)

Required information [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 sex Conversion Percent Units Complete 40% 60,000 Beginning work in process inventory Units started this period 322,000 Completed and transferred out 300,000 Ending work in process inventory 82,000 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 850,368 649,296 Conversion 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. (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. (Round "Cost per EUP" to 2 decimal places.) Required a. Cost per equivalent unit of production: FIFO method Direct Materials $ 850,368 $ Costs added this period Conversion 649,296 0 - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) 0 Required b. Cost assignment-FIFO Beginning work in process To complete beginning work in process Cost per EUP Total cost Direct materials Conversion Started and completed Total cost Cost per EUP $ Direct materials Conversion Completed and transferred out Ending work in process Cost per EUP Direct materials S Conversion Total costs accounted for EUP EUP EUP 0.00 $ 0.00 0.00 $ 0.00 Total cost 0 0 0 0