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The Finishing Department had 5,500 incomplete units in its beginning Work-in-Process Inventory which were 100% complete...

The Finishing Department had 5,500 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 16,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,500 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing.

How many units were started and completed during the period?

Multiple Choice

  • 13,000.

  • 21,500.

  • 19,000.

  • 13,500.

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Answer #1
Beginning work in process 5500
(+) Units received from previous department 16000
(-) Ending work in process 2500
Total units completed during the period 19000
(-) Beginning work in process 5500
Units started and completed during the period 13500
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