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Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Physical Percent Complete for Beginning work
Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Physical Percent Complete for Beginning work in process Ending work in process Units 62,000 88,000 Conversion 559 708 Stone adds all materials at the beginning of its manufacturing process. During the month, it started 172,000 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 Units Completed Ending Inventory Physical Units
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