Branden Company uses the FIFO method in its process costing system.All materials are introduced at the beginning of the process in Department One.The following data relate to the month of May for Department One: What are the equivalent units for the month of May?
A)Option A
B)Option B
C)Option C
D)Option D

Question

Branden Company uses the FIFO method in its process costing system.All materials are introduced at the beginning of the process in Department One.The following data relate to the month of May for Department One:   What are the equivalent units for the month of May? 
A)Option A 
B)Option B 
C)Option C 
D)Option D

Quizplus · Accepted Answer

FIFO method
Units started and completed during the period = Units started into production during the period - Units in ending work in process inventory = 7,500 - 1,000 = 6,500
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Branden Company Uses the FIFO Method in Its Process Costing