Refer to the information in Exercise 20-9.
(a) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department.
(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.
Data From Exercise 20-9
The production department described in Exercise 20-8 reports the cost information below.
a. Compute cost per equivalent unit for both direct materials and conversion.
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.
Data From Exercise 20-8
The first production department of Stone Inc. reports the following for April. Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method.
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