During August,the Filtering Department of Olive Inc.had beginning transferred in units of 200 with costs of $50,000.500 units were started in production during the month.It had 100 units in ending Work-in-Process Inventory.Under the first-in-first-out (FIFO)method,current-period equivalent units of production for transferred in units in beginning Work-in-Process Inventory of the Filtering Department is ________.

Question

Quizplus · Accepted Answer

Under the FIFO method, the equivalent units for transferred-in costs are calculated based on the units started and completed during the period, excluding the beginning inventory. Therefore, the equivalent units for transferred-in costs from the beginning inventory are 0.