Assuming that Jimbob Co.uses the FIFO method,the equivalent units of production for conversion costs would be?
A) 42,600 units.
B) 44,400 units.
C) 46,000 units.
D) 48,000 units.

Question

Quizplus · Accepted Answer

The correct answer is A because the FIFO method assumes that the first units produced are the first units sold. Therefore, the equivalent units of production for conversion costs would be the number of units that were completed and transferred out during the period, which is 42,600 units.

Assuming That Jimbob Co