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Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Beginning work in process Ending work
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 Percent Complete for Units 73,000 93,500 Conversion 55% 70 Stone adds all materials at the beginning of its manufacturing process. During the month, it started 183,000 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. Physical Units Beginning Inventory Units Completed Units Started Ending Inventory Total 0 Physical Units 0 < Required 1 Required 2 >
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