A company's January 1 goods in process inventory contained 30,000 units that were one-fourth complete with respect to direct labor.The beginning inventory was completed this year and another 120,000 units were started.Of those started,80,000 were finished and the remaining 40,000 were left one-fifth complete.Using FIFO,calculate the equivalent units of production for the year.

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The Answer of A company's January 1 goods in process inventory contained 30,000 units that were one-fourth complete with respect to direct labor.The beginning inventory was completed this year and another 120,000 units were started.Of those started,80,000 were finished and the remaining 40,000 were left one-fifth complete.Using FIFO,calculate the equivalent units of production for the year.

A Company's January 1 Goods in Process Inventory Contained 30,000