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! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The first production
! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct Materials Percent Complete Conversion Units Percent Complete Beginning work in process inventory 66,000 65 % 35% Units started this period 352,000 Completed and transferred out 330,000 Ending work in process inventory 88,000 80% 30% Exercise 16-10A (Algo) FIFO: Computing equivalent units of production LO C2 (a) Compute the number of units started and completed this period for the first production department. Units started and completed (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. Equivalent units of production: FIFO method Units Equivalent units of production 0 Direct Materials Conversion Percent Percent EUP EUP Added Added
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