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 assignment of costs 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 assignment of costs 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 assignment of costs assuming the (a)FIFO and (b)weighted average method.

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