In April, the beginning work in process inventory for Department 2 was 40% complete and the ending work in process inventory was 90% complete. Under the FIFO method, the number of equivalent units of production for transferred-in costs for April is equal to the number of units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In April, the beginning work in process inventory for Department 2 was 40%
complete and the ending work in process inventory was 90% complete. Under the
FIFO method, the number of equivalent units of production for transferred-in costs
for April is equal to the number of units
a)
○ b)
Started and completed in April plus 90% times the number of units in ending
inventory for April
Started and completed in April plus 40% times the number of units in
beginning inventory plus 90% times the number of units in ending inventory
for April
c) Started in April plus the number of units in beginning inventory for April
d) Started in April
Transcribed Image Text:In April, the beginning work in process inventory for Department 2 was 40% complete and the ending work in process inventory was 90% complete. Under the FIFO method, the number of equivalent units of production for transferred-in costs for April is equal to the number of units a) ○ b) Started and completed in April plus 90% times the number of units in ending inventory for April Started and completed in April plus 40% times the number of units in beginning inventory plus 90% times the number of units in ending inventory for April c) Started in April plus the number of units in beginning inventory for April d) Started in April
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