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Required information (The following information applies to the questions displayed below.) The first production department of Stone Incorporated reports the following for April. Direct Materials Percent Complete 75% Conversion Percent Complete 25% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 73,000 387,000 365,000 95,000 85% 35% Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Answer is not complete. Equivalent units of production: Weighted average method Direct Materials Units Percent EUP Complete 73,000 X x 387,000 X Conversion Percent EUP Complete 25% X 100% Beginning work in process inventory Units started this period Total 460,000
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why is this wrong?