Solution 1:
Reconciliation of Physical units | |||
Beginning units | 66000 | Unit Completed | 152000 |
Unit started | 176000 | Ending Units | 90000 |
Total Units | 242000 | Total Units | 242000 |
Solution 2:
Stone Company | |||
Computation of Equivalent unit (FIFO) | |||
Particulars | Physical units | Material | Conversion |
Units to be accounted for: | |||
Beginning WIP Inventory | 66000 | ||
Units started this period | 176000 | ||
Total unit to be accounted for | 242000 | ||
Units Accounted for: | |||
Units completed and transferred out | |||
From
beginning inventory Material - 0% Conversion - 35% |
66000 | 0 | 23100 |
Started and completed currently | 86000 | 86000 | 86000 |
Transferred to finished goods | 152000 | 86000 | 109100 |
Units in
ending WIP Material - 100% Conversion - 80% |
90000 | 90000 | 72000 |
Total units accounted for | 242000 | 176000 | 181100 |
Saved Stone Company produces carrying cases for CDs. It has compiled the following information for the...
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 Units for Conversion 78,000 65% 96,00€ Be Stone adds all materials at the beginning of its manufacturing process. During the month. It started 188,000 units. Using the FIFO method, reconcile the number of physical units. Physical Units 170,000 Beginning Inventory Units Started Total Physical Units 78,000 188,000 200.000 Units Completed Ending...
2. value: 7.69 points Stone Company produces carrying cases for CDs it has compited the folowing information for the month of June: Physical Percent Complete for 68 00ongsrson Units Beginning work in process Ending work in process versi 55% 0l 91,000 Stone adds all materials at the beginning of its manufacturing process During the month it started 178.000 units. Using the FIFO method, reconcile the number of physical units Physical Units Physical Units Beginning Inventory Units Started Total Units Completed...
Saved в0 Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Percent Physical Complete for Units Conversion Beginning work in process Ending work in process 45,000 36,000 69 Stone adds all materials at the beginning of its manufacturing process. During the month, it started 101,000 units. mces Using the weighted-average method, reconcile the number of physical units. Physical Units Physical Units Beginning Inventory Units Completed Ending Inventory Units Started Total Using...
Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Percent Complete for Conversion 60% 74 cal Units Beginning work in process Ending work in process 40,000 27,000 Stone adds all materials at the beginning of its manufacturing process. During the month, it started 102,000 units. Using the weighted-average method, reconcile the number of physical units Physical Units Physical Units Beginning Inventory Units Started Total Units Completed Ending Inventory Using the weighted-average...
Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Physical Units 41,000 35,000 Percent Complete for Conversion 48% Beginning work in process Ending work in process 69 Stone adds all materials at the beginning of its manufacturing process. During the month, it started 107,000 units. Using the weighted average method, reconcile the number of physical units. Physical Units Physical Units 41,000 Beginning Inventory Units Completed Ending Inventory Units Started Total 41,000...
Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Physical Units 45,000 31,000 Percent Complete for Conversion 47% 60 Beginning work in process Ending work in process Stone adds all materials at the beginning of its manufacturing process. During the month, it started 109,000 units. Using the weighted-average method, reconcile the number of physical units. Physical Units Physical Units Beginning Inventory Units Started Total Units Completed Ending Inventory 0 0 Using...
Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Physical Units Percent Complete for Conversion Beginning work in process 48,000 45% Ending work in process 40,000 77 Stone adds all materials at the beginning of its manufacturing process. During the month, it started 98,000 units. Using the weighted-average method, reconcile the number of physical units. Using the weighted-average method, calculate the number of equivalent units.
[The following information applies to the questions displayed below.] Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Units Costs Beginning work in process (30% complete) 121,300 Direct materials $ 199,000 Conversion cost 351,000 Total cost of beginning work in process $ 550,000 Number of units started 250,000 Number of units completed and transferred to finished goods 335,500 Ending work...
Mirada Company manufactures handheld calculators and has the following information available for the month of July: Work in process, July 1 (100% complete for materials, 25% for conversion) Direct materials Conversion cost 134,000 units $ 248,000 $ 402,000 Number of units started 228,000 units July costs Direct materials Conversion cost $ 434,000 $ 492,000 Work in process, July 31 (100% complete for materials, 10% for conversion) 152,000 units Required: Using the FIFO method of process costing, complete each of the...
Satina Corporation's Department A has the following information: % Completed Costs Beginning Work in Process: 6,000 Units Direct Materials 100 $43,708 Conversion 40 $35,550 New Units Started: 28,000 units Direct Materials $112,000 Conversion $88,200 Ending Work in Process: 2,000 units Direct Materials 100 Conversion 50 Required: Complete the table below using the weighted-average and FIFO methods Weighted-Average Equivalent Units FIFO Equivalent Units Physical Units Materials Conversion Materials Conversion Beginning WIP Units Started To account for Units Finished Ending WIP Total...