Business, 17.08.2020 23:01 ddmoorehouseov75lc

A company uses the FIFO method for inventory costing. During a period, a production department had 56,000 units in beginning goods in process inventory which were 32% complete; the department completed and transferred 167,000 units. At the end of the period, 14,000 units were in the ending goods in process inventory and are 67% complete. Compute the number of equivalent units produced by the department.

a. 181,000
b. 158,460
c. 167,000
d. 176,380
e. 111,000

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A company uses the FIFO method for inventory costing. During a period, a production department had 5...

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