The number of equivalent units for direct materials cost using the FIFO costing procedure is the units in beginning work in process inventory minus units started during the period plus units completed during the period.

Question

Quizplus · Accepted Answer

The number of equivalent units for direct materials cost using the FIFO costing procedure is calculated by taking the units started and completed during the period plus the equivalent units in ending work in process inventory, minus the equivalent units related to the beginning work in process inventory.

The Number of Equivalent Units for Direct Materials Cost Using