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

Transcribed Image Text:

Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Percent Complete for Beginning work in process Ending work in process. Stone adds all materials at the beginning of its manufacturing process. During the month, it started 171,000 units. Required: 1. Using the FIFO method, reconcile the number of physical units. 2. Using the FIFO method, calculate the number of equivalent units. Required 11 Required 2 Complete this question by entering your answers in the tabs below. Physical Units 61,000 87,500 Beginning Inventory Units Started Total Using the FIFO method, reconcile the number of physical units. Physical Units 0 Conversion 60% 75% Units Completed Ending Inventory Required 1 Physical Units Required 2 > 0 S Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Percent Complete for Conversion 60% 75% Physical Units 61,000 87,500 Beginning work in process. Ending work in process Stone adds all materials at the beginning of its manufacturing process. During the month, it started 171,000 units. Required: 1. Using the FIFO method, reconcile the number of physical units. 2. Using the FIFO method, calculate the number of equivalent units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the FIFO method, calculate the number of equivalent units. Beginning Inventory Units Started and Completed Ending Inventory Total Physical Units < Required 1 Equivalent Units Direct Materials 0 Conversion Required 2 Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Percent Complete for Beginning work in process Ending work in process. Stone adds all materials at the beginning of its manufacturing process. During the month, it started 171,000 units. Required: 1. Using the FIFO method, reconcile the number of physical units. 2. Using the FIFO method, calculate the number of equivalent units. Required 11 Required 2 Complete this question by entering your answers in the tabs below. Physical Units 61,000 87,500 Beginning Inventory Units Started Total Using the FIFO method, reconcile the number of physical units. Physical Units 0 Conversion 60% 75% Units Completed Ending Inventory Required 1 Physical Units Required 2 > 0 S Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Percent Complete for Conversion 60% 75% Physical Units 61,000 87,500 Beginning work in process. Ending work in process Stone adds all materials at the beginning of its manufacturing process. During the month, it started 171,000 units. Required: 1. Using the FIFO method, reconcile the number of physical units. 2. Using the FIFO method, calculate the number of equivalent units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the FIFO method, calculate the number of equivalent units. Beginning Inventory Units Started and Completed Ending Inventory Total Physical Units < Required 1 Equivalent Units Direct Materials 0 Conversion Required 2

Answer rating: 100% (QA)

Answer Page No Reconcile number of physical units us... View the full answer