Regina Manufacturing uses the FIFO method of process costing.The production report for the Curing Department,where the materials are added at the beginning of the period,for September was as follows: The number of units started and completed during the period was:
A)12,000
B)9,000
C)15,000
D)6,000

Question

Regina Manufacturing uses the FIFO method of process costing.The production report for the Curing Department,where the materials are added at the beginning of the period,for September was as follows:  The number of units started and completed during the period was:
A)12,000 
B)9,000 
C)15,000 
D)6,000

Quizplus · Accepted Answer

According to the production report, the total units that were started in September were 15,000 (10,000 from beginning inventory and 5,000 started in September). Of these, only 12,000 were completed (7,000 from beginning inventory and 5,000 started in September), leaving 3,000 units as work in process (15,000 - 12,000).

Therefore, the number of units started and completed during the period was 12,000 - 3,000 = 9,000. So, the correct answer is B) 9,000.

Regina Manufacturing Uses the FIFO Method of Process Costing