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 43,000 46% Ending work in process 38,000 68 Stone adds all materials at the beginning of its manufacturing process. During the month, it started 90,000 units. Required: 1. Using the weighted-average method, reconcile the number of physical units. 2. Using the weighted-average method, calculate the number of equivalent units.

Answer and Explanation:

a. The number of physical units reconciles is as follows:

Beginning work in process 43,000

Add: Started during the month 90,000

Units accounted 133,000

Completed & transferred units (133,000 - 38,000) 95,000

Ending work in process 38,000

Units accounted 133,000

b. The number of equivalent units is

Particulars              Units   %Material  EUP   %Conversion     EUP

Units completed      95,000   100%     95,000   100%             95,000

Ending balance        38,000   100%     38,000    68%             25,840

Equivalent units                                    133,000                       120,840

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explanation:

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