During September, the Filtering Department of Olive Company had beginning transferred in units of 500 units with costs of $125,000. During the month, it started and completed 700 units. It had 100 units in ending Work-in-Process Inventory. What is the number of equivalent units of production for transferred in units transferred to the Filtering Department in September under the first-in, first-out (FIFO) method?
A) 500 units
B) 800 units
C) 1,000 units
D) 400 units
Correct Answer:
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