Compute the number of equivalent units with respect to both direct materials and conversion for March using the weighted- verage method Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Units 27,500 115,000 142,500 32,500 Direct Materials Percent Complete 100% 70% Conversion Percent Complete 55% 60%

Compute the number of equivalent units with respect to both direct materials and conversion for March using the weighted- verage method Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Units 27,500 115,000 142,500 32,500 Direct Materials Percent Complete 100% 70% Conversion Percent Complete 55% 60%

Name: Compute the number of equivalent units with respect to both direct ma
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Description: Compute the number of equivalent units with respect to both direct materials and conversion for March using the weighted-average methodBeginning work in process inventoryUnits started and completedUnits completed and transferred outEnding work in pr

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 67,000 357,000 335,000 89,000 Completed and transferred out Ending work in process Total Direct Materials Percent Units 335,000 89,000 424.000 Complete Percent Complete 70% 30% 85% Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Conversion Equivalent units of production: Weighted average method Direct Materials Percent Complete 85% 35% EUP Percent Complete Conversion EUP
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