Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Beginning work in process Ending work in process Physical Units 77,000 95,500 Percent Complete for Conversion 60% 75% Stone adds all materials at the beginning of its manufacturing process. During the month, it started 187,000 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, reconcile the number of physical units. Beginning Inventory Units Started Total Physical Units 77,000 Units Completed 187,000 Ending Inventory 264,000 > Physical Units Required 1 Required 2 > 0 Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Beginning work in process Ending work in process Physical Units 77,000 95,500 Percent Complete for Conversion 60% 75% Stone adds all materials at the beginning of its manufacturing process. During the month, it started 187,000 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 Equivalent Units Physical Units Direct Materials Conversion 77,000 77,000 0