The Finishing Department had 5,300 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 40% complete as to conversion costs. 15,600 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,300 units which were 50% complete as to materials and 40% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. How many units were started and completed during the period

Units  started and completed during the period=  13,300 units

Explanation:

Under the first in first out method of valuation of inventory, the units completed in a period is separated into fully worked and opening work in progress

The opening work in progress represent units of inventory which were started last period but completed this period. In this question it is 5,300 units

The number of units started and completed during the period is known as fully worked units. Fully worked units is computed below

Fully worked = New units introduced - closing work-in progress

                   = 15,600 - 2,300 =  13,300 units

Units  started and completed during the period=  13,300 units

Fully work unit = 13,000units

Explanation:

We are given

New units introduced = 15,600

Closing work in progress = 2,300

Fully work unit is the number of units started and completed during the period.

Now, to evaluate the fully work units, we use the following method

Fully work units = New units introduced - closing work-in progress

Fully work units = 15,600 - 2,300 = Fully work units = 13,300 units

From the above calculation, we can say units  started and was completed during the period of 13,300 units

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