The following table was taken from Firm X's Production Cost Report: $\begin{array}{lr}
\text { Completed and transferred out units } & 44,000 \
\text { Ending work-in-process equivalent units } & 6,000 \
\text { Beginning work-in-process equivalent units } & 10,000
\end{array}$ What is the number of FIFO equivalent units?
A)40,000.
B)50,000.
C)48,000.
D)38,000.

Question

Quizplus · Accepted Answer

The FIFO method calculates equivalent units by considering only the work done during the current period. Therefore, FIFO equivalent units = Completed and transferred out units (44,000) - Beginning work-in-process equivalent units (10,000) + Ending work-in-process equivalent units (6,000) = 40,000.

The Following Table Was Taken from Firm X's Production Cost