Question
Required information Skip to question [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for
Required information
Skip to question
[The following information applies to the questions displayed below.]
The first production department of Stone Incorporated reports the following for April.
Units | Direct Materials | Conversion | |
---|---|---|---|
Percent Complete | Percent Complete | ||
Beginning work in process inventory | 60,000 | 60% | 40% |
Units started this period | 322,000 | ||
Completed and transferred out | 300,000 | ||
Ending work in process inventory | 82,000 | 80% | 30% |
Question 1 Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method.
Question 2 (a) Compute the number of units started and completed this period for the first production department.
b) Compute the number of equivalent units of production for both direct materials and conversion for the first production department for April using the FIFO method.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started