Required Information [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Total Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 69,808 367,800 345,000 91,808 Direct Materials Percent Complete 80% Unite 80% Conversion Percent Complete Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Percent Complete 20% Equivalent units of production: Weighted average method Direct Materiale 30% EUP Percent Complete Conversion EUP

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
Total
Beginning work in process inventory
Units started this period
Completed and transferred out
Ending work in process inventory
Units
69,000
367,808
345,000
91,200
Percent
Complete
88%
88%
Unite
Conversion
Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average
method.
Percent Complete
20%
Percent
Complete
Equivalent units of production: Weighted average method
Direct Materiale
30%
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 Total Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 69,000 367,808 345,000 91,200 Percent Complete 88% 88% Unite Conversion Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Percent Complete 20% Percent Complete Equivalent units of production: Weighted average method Direct Materiale 30% EUP Percent Complete Conversion EUP
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