M3-6 (Algo) Calculating Physical Units and Equivalent Units (Weighted-Average Method) [LO 3-2, 3-3]

Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June:

	Physical Units	Percent Complete for Conversion
Beginning work in process	41,000	50%
Ending work in process	40,000	65

Stone adds all materials at the beginning of its manufacturing process. During the month, it started 106,000 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.