Hi, I am currently studying to hopefully take Part 1 in September and need a bit of help with the following question, the answer is D but there is no explanation.A company began the month with 10,000 units in work-in-process inventory that were 60%
complete. During the month, the company transferred 120,000 units to finished goods. At the
end of the month, 20,000 units were in work-in-process inventory that were 20% complete.
Using the first-in, first out (FIFO) method, the equivalent units of production during the month
equal
a. 130,000.
b. 128,000.
c. 122,000.
d. 118,000
TIA
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Carla Loera
Student
Laredo TX
United States
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