Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method.Total equivalent units for conversion under the FIFO method are calculated to be:
A)126,000 equivalent units.
B)114,000 equivalent units.
C)90,000 equivalent units.
D)102,000 equivalent units.
E)96,000 equivalent units.

Question

Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method.Total equivalent units for conversion under the FIFO method are calculated to be:
A)126,000 equivalent units. 
B)114,000 equivalent units. 
C)90,000 equivalent units. 
D)102,000 equivalent units. 
E)96,000 equivalent units.

Quizplus · Accepted Answer

The Answer of Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method.Total equivalent units for conversion under the FIFO method are calculated to be:
A)126,000 equivalent units. 
B)114,000 equivalent units. 
C)90,000 equivalent units. 
D)102,000 equivalent units. 
E)96,000 equivalent units.