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

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

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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