Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
70%
Total
Beginning work in process inventory
Units started this period
Completed and transferred out
Ending work in process inventory
Units
77,000
407,000
385,000
99,000
90%
Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average
method.
Units
Conversion
Percent
Complete
30%
Equivalent units of production: Weighted average method
Direct Materials
Percent
Complete
40%
EUP
Percent
Complete
Conversion
EUP
Transcribed Image Text:! 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 70% Total Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 77,000 407,000 385,000 99,000 90% Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Units Conversion Percent Complete 30% Equivalent units of production: Weighted average method Direct Materials Percent Complete 40% EUP Percent Complete Conversion EUP
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