Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Physical Units 54,000 Percent Complete for Conversion 60% 45,000 73% Beginning work in process Ending work in process Stone adds all materials at the beginning of its manufacturing process. During the month, it started 109,000 units.
Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Physical Units 54,000 Percent Complete for Conversion 60% 45,000 73% Beginning work in process Ending work in process Stone adds all materials at the beginning of its manufacturing process. During the month, it started 109,000 units.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June:
Physical
Units
Percent Complete
for Conversion
60%
738
Beginning work in process
Ending work in process
Stone adds all materials at the beginning of its manufacturing process. During the month, it started 109,000 units.
Required:
1. Using the weighted-average method, reconcile the number of physical units.
2. Using the weighted-average method, calculate the number of equivalent units.
54,000
45,000
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Using the weighted-average method, reconcile the number of physical units.
Physical Units
Beginning Inventory
Units Started
Total
54,000 Units Completed
99,000 Ending Inventory
153,000
Physical Units
Transcribed Image Text:Beginning work in process
Ending work in process
Stone adds all materials at the beginning of its manufacturing process. During the month, it started 109,000 units.
Required 1 Required 2
Physical
Units
54,000
45,000
Required:
1. Using the weighted-average method, reconcile the number of physical units.
2. Using the weighted-average method, calculate the number of equivalent units.
Complete this question by entering your answers in the tabs below.
Units Completed
Ending Inventory
Total
Percent Complete
for Conversion
Physical Units
Using the weighted-average method, calculate the number of equivalent units.
Equivalent Units
0
60%
738
Direct Materials
< Required 1
0
Conversion.
Required 2
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