During August,the Filtering Department of Rudbeckia,Inc.had beginning Work-in-Process inventory of 120 units with costs of $50,000.525 units were transferred in during the month.It had 60 units in ending Work-in-Process Inventory.Under the first-in,first-out (FIFO)method,current period equivalent units of production for transferred in units in beginning Work-in-Process Inventory of the Filtering Department is ________.
A) 0 units
B) 525 units
C) 120 units
D) 60 units

Question

Quizplus · Accepted Answer

Under the FIFO method, the equivalent units for transferred-in units in beginning WIP inventory are considered 0 because these units were already accounted for in the previous period.