During September, the Filtering Department of Tithonia, Inc. had a beginning Work-in-Process Inventory of 600 units with costs of $140,000. During the month, it started and completed 800 units. It had 220 units in the ending Work-in-Process Inventory. What is the number of equivalent units of production for transferred in units in the Filtering Department in September under the first-in, first-out (FIFO) method?
A. 380 units
B.
1,020 units
C.
600 units
D.
1,620 units
Answer
= 600 + 800 – 220 = 1,180 units.
Units Reconciliation |
|
Units to account for: |
|
Beginning WIP |
600 |
Units started this period |
800 |
Total Units to account for |
1,400 |
Total Units accounted for: |
|
Completed & Transferred out |
1,180 |
Ending WIP |
220 |
Total Units accounted for |
1,400 |
EUP - FIFO Method |
Units |
% completed |
Equivalent units |
Units STARTED & COMPLETED this month |
800 |
100% |
800 |
Units of beginning WIP completed this month |
600 |
63.33% |
380 = Answer |
Equivalent Units of Production |
1,400 |
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