Activities in the Challenger Company's Assembly Department for the month of March follow:

- Using the FIFO method,what are the equivalent units of production for conversion for March?
A) 66,250 units.
B) 67,000 units.
C) 64,250 units.
D) 67,750 units.

Question

Activities in the Challenger Company's Assembly Department for the month of March follow:

- Using the FIFO method,what are the equivalent units of production for conversion for March?
A) 66,250 units. 
B) 67,000 units. 
C) 64,250 units. 
D) 67,750 units.

Quizplus · Accepted Answer

The FIFO method calculates equivalent units based on work done during the current period. The equivalent units for conversion are calculated by considering the units completed and transferred out, plus the equivalent units in ending work in process, minus the equivalent units in beginning work in process.

Activities in the Challenger Company's Assembly Department for the Month