FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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[The following information applies to the questions displayed below.]
The first production department of Stone Incorporated reports the following for April.
Direct
Materials
Units
Beginning work in process inventory
61,000
Percent
Complete
65%
Conversion
Percent
Complete
35%
Units started this period
327,000
Completed and transferred out
305,000
Ending work in process inventory
83,000
85%
35%
Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average
method.
Total
Equivalent units of production: Weighted average method
Units
Direct Materials
Conversion
Percent
Complete
EUP
Percent
Complete
EUP
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Transcribed Image Text:Required information [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct Materials Units Beginning work in process inventory 61,000 Percent Complete 65% Conversion Percent Complete 35% Units started this period 327,000 Completed and transferred out 305,000 Ending work in process inventory 83,000 85% 35% Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Total Equivalent units of production: Weighted average method Units Direct Materials Conversion Percent Complete EUP Percent Complete EUP
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