Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Percent Complete for Conversion Beginning work in process Ending work in process Physical Units 49,000 39,000 63% 65% Stone adds all materials at the beginning of its manufacturing process. During the month, it started 98,000 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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June:
Percent Complete
for Conversion
Physical Units
49,000
39,000
Beginning work in process
Ending work in process
Stone adds all materials at the beginning of its manufacturing process. During the month, it started 98,000 units.
63%
65%
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.
Required 1 Required 2
Complete this question by entering your answers in the tabs below.
Using the weighted-average method, calculate the number of equivalent units.
Transcribed Image Text:Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Percent Complete for Conversion Physical Units 49,000 39,000 Beginning work in process Ending work in process Stone adds all materials at the beginning of its manufacturing process. During the month, it started 98,000 units. 63% 65% 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. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Using the weighted-average method, calculate the number of equivalent units.
Required 1 Required 2
Using the weighted-average method, calculate the number of equivalent units.
Units Completed
Ending Inventory
Total
Physical Units
186,000
39,000
225,000
Equivalent Units
Direct Materials
< Required 1
0
Conversion
Required 2 >
0
Transcribed Image Text:Required 1 Required 2 Using the weighted-average method, calculate the number of equivalent units. Units Completed Ending Inventory Total Physical Units 186,000 39,000 225,000 Equivalent Units Direct Materials < Required 1 0 Conversion Required 2 > 0
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