Biology Forums - Study Force

The information below was obtained from the records of one of the departments of Cushing Corporation for the month of August. The company uses the FIFO method in its process costing system.

	Units	Percent Complete Labor and Overhead
Work in process, August 1	11,200	25%
Units completed and transferred out	81,000
Work in process, August 31	20,600	50%

All materials are added at the beginning of the process.

The equivalent units for materials for the month of August are:

▸ 81,000 units

▸ 90,400 units

▸ 94,100 units

▸ 101,600 units

Content hidden