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A company uses the FIFO method for inventory costing. At the beginning of a period, the...

A company uses the FIFO method for inventory costing. At the beginning of a period, the production department had 28,000 units in beginning Work in Process inventory which were 44% complete; the department completed and transferred 169,000 units. At the end of the period, 26,000 units were in the ending Work in Process inventory and are 79% complete. Compute the number of equivalent units produced by the department.

Multiple Choice

  • 177,220.

  • 189,540.

  • 169,000.

  • 141,000.

  • 195,000.

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Answer #1
Particulars Total Units % Completed Equivalent Units
Units completed and transferred:
From Beginning WIP 28000 56% 15680
From Current Introduction 141000 100% 141000
Units in ending WIP 26000 79% 20540
Total Equivalent Units 177220
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