Ask Question
14 June, 10:21

Blue Company has beginning and ending Work-in-Process Inventories that are 45% and 10% complete, respectively. Materials are added at the beginning of the process. If first-in, first-out (FIFO) process costing is used, the total equivalent units for materials will equal the number of units A. transferred out during the period. B. started and completed during the period. C. started into the process during the period. D. started into the process plus the units in the ending inventory.

+1
Answers (1)
  1. 14 June, 12:14
    0
    C. started into the process during the period

    Explanation:

    The equivalent units will be:

    beginning x incomplete portion

    + started during the process

    - ending x incomplete portion

    In this case materials are added atthe beginning of the process. All the units are at 100% so there is no incomplete portion.

    leaving on the formula

    beginning x 0

    + started during the process

    - ending x 0

    started during the process
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Blue Company has beginning and ending Work-in-Process Inventories that are 45% and 10% complete, respectively. Materials are added at the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers