Higgins Labs Inc. ,uses a process costing system.The following data are available for one department for October: The department started 45,000 units into production during the month and completed and transferred 50,000 units to the next department. Assuming the FIFO method is used,the equivalent units for conversion for October would be:
A)50,500 units
B)50,000 units
C)44,500 units
D)48,000 units

Question

Higgins Labs Inc. ,uses a process costing system.The following data are available for one department for October:  The department started 45,000 units into production during the month and completed and transferred 50,000 units to the next department. Assuming the FIFO method is used,the equivalent units for conversion for October would be:
A)50,500 units 
B)50,000 units 
C)44,500 units 
D)48,000 units

Quizplus · Accepted Answer

FIFO method equivalent units of production
 11eaa3fe_30dc_838c_908b_73be91e8365d_TB2461_00