M3-7 (Algo) Calculating Physical Units and Equivalent Units (FIFO) [LO 3-4] Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Percent Complete for Conversion 65% 80% Beginning work in process Ending work in process Stone adds all materials at the beginning of its manufacturing process. During the month, it started 185,000 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 Physical Units 75,000 94,500 Using the FIFO method, reconcile the number of physical units. Beginning Inventory Units Started Total Physical Units 0 Units Completed Ending Inventory Required 1 Physical Units Required 2 > 0

M3-7 (Algo) Calculating Physical Units and Equivalent Units (FIFO) [LO 3-4] Stone Company produces carrying cases for CDs. It has complled the following information for the month of June: Stone adds all materials at the beginning of its manufacturing process. During the month, it started 185,000 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. Using the FIFO method, reconcile the number of physical units. M3-7 (Algo) Calculating Physical Units and Equivalent Units (FIFO) [LO 3-4] Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Stone adds all materials at the beginning of its manufacturing process. During the month, it started 185,000 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. Using the FIFO method, calculate the number of equivalent units