The following production data were taken from the records of the Finishing Department for June: Determine the number of material equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process.
A) 7,000 units
B) 68,000 units
C) 72,000 units
D) 76,000 units

Question

The following production data were taken from the records of the Finishing Department for June:  Determine the number of material equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process.
A) 7,000 units 
B) 68,000 units 
C) 72,000 units 
D) 76,000 units

Quizplus · Accepted Answer

The Answer of The following production data were taken from the records of the Finishing Department for June:  Determine the number of material equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process.
A) 7,000 units 
B) 68,000 units 
C) 72,000 units 
D) 76,000 units

The Following Production Data Were Taken from the Records of the Finishing