[The following information applies to the questions displayed below.]The first production department of Stone Incorporated reports the following for April.DirectMaterialsConversionUnitsBeginning work in process inventory71,000PercentComplete65%PercentComplete35%Units started this period377,000Completed and transferred out355,000Ending work in process inventory93,00090%40%Compute the number of equivalent units of production for both direct materials and conversion for April using the weightedaverage method.Completed and transferred outEnding work in processTotalEquivalent units of production: Weighted average methodDirect MaterialsConversionUnitsPercentCompleteEUPPercentCompleteEUP355,00093,000448,000

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Description: [The following information applies to the questions displayed below.]The first production department of Stone Incorporated reports the following for April.DirectMaterialsConversionUnitsBeginning work in process inventory71,000PercentComplete65%Perce

Equivalent units are those partial completed units which are used in process costing to calculate…

Answered: his displayed below.j The first…

Business

Accounting

his displayed below.j The first production department of Stone Incorporated reports the following for April. Direct

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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Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,300 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion Beginning work in process To complete beginning work in process Direct materials Conversion Started and completed Direct materials Conversion Completed and transferred out Ending work in process Direct materials Conversion Units 3,200 12,300 10, 200 5,300 Total costs accounted for Percent Complete for Direct Materials 75% $ 1,143 624 1,143 13,827 17,856 CARLBERG COMPANY Cost assignment-FIFO EUP Assign costs to the Assembly department's output-specifically, the units transferred…
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