Stocks Corporation Stocks Corporation has the following information available for June of the current year:

Beginning Work in Process Inventory (20% complete as to conversion) 12,000 units

Started 150,000 units

Ending Work in Process Inventory (25% complete as to conversion) 35,000 units

Beginning Work in Process Inventory Costs:

Material $ 2,500

Conversion 2,650

Current Period Costs:

Material $ 36,000

Conversion 112,750

All material is added at the start of production and all products completed are transferred out. Refer to Stocks Corporation.Prepare a schedule showing the computation for cost per equivalent unit assuming the (a)FIFO and (b)weighted average method.

Question

Stocks Corporation Stocks Corporation has the following information available for June of the current year:

Beginning Work in Process Inventory	(20% complete as to conversion)	12,000 units
Started		150,000 units
Ending Work in Process Inventory	(25% complete as to conversion)	35,000 units
Beginning Work in Process Inventory Costs:
	Material	$ 2,500
	Conversion	2,650
Current Period Costs:
	Material	$ 36,000
	Conversion	112,750

All material is added at the start of production and all products completed are transferred out. Refer to Stocks Corporation.Prepare a schedule showing the computation for cost per equivalent unit assuming the (a)FIFO and (b)weighted average method.

Quizplus · Accepted Answer

The Answer of Stocks Corporation Stocks Corporation has the following information available for June of the current year:

Beginning Work in Process Inventory	(20% complete as to conversion)	12,000 units
Started		150,000 units
Ending Work in Process Inventory	(25% complete as to conversion)	35,000 units
Beginning Work in Process Inventory Costs:
	Material	$ 2,500
	Conversion	2,650
Current Period Costs:
	Material	$ 36,000
	Conversion	112,750

All material is added at the start of production and all products completed are transferred out. Refer to Stocks Corporation.Prepare a schedule showing the computation for cost per equivalent unit assuming the (a)FIFO and (b)weighted average method.

Stocks Corporation Stocks Corporation Has the Following Information Available for June of June