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tone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Physical UnitsPercent Complete for ConversionBeginning work in process74,00060%Ending work in process94,00075Stone adds all materials at the beginning of its manufacturing process. During the month, it started 184,000 units. Using the FIFO method, reconcile the number of physical units.

Sagot :

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Answer:

TOTAL 258,000

TOTAL 258,000

Explanation:

Calculation to reconcile the number of physical units Using the FIFO method

PHYSICAL UNITS

Beginning Inventory 74,000

Units Started 184,000

TOTAL 258,000

PHYSICAL UNITS

Units Completed 164,000

(258,000-94,000)

Ending Inventory 94,000

TOTAL 258,000

Therefore Using the FIFO method to reconcile the number of physical units will give us 258,000 and 258,000

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