Use the following information for the next 5 questions.
(CMA) The accountant for Whirly Manufacturing Inc. gathered the following information for the month of November.
-Using the FIFO method, the equivalent units of production for conversion costs are
A) 85,600 units
B) 95,200 units
C) 98,400 units
D) 101,600 units

Question

Use the following information for the next 5 questions.
(CMA) The accountant for Whirly Manufacturing Inc. gathered the following information for the month of November. 
-Using the FIFO method, the equivalent units of production for conversion costs are
A) 85,600 units 
B) 95,200 units 
C) 98,400 units 
D) 101,600 units

Quizplus · Accepted Answer

The FIFO method calculates equivalent units based on work done during the current period. It considers units completed and transferred out, plus the equivalent units in ending work in process, minus the equivalent units in beginning work in process.

Use the Following Information for the Next 5 Questions