Use the information below to answer the following question(s).
Apex Disk Company operates a computer disk manufacturing plant. Direct materials are added at the end of the process. The following data were presented for August

-How many units remain in ending work-in-process, assuming a FIFO cost flow assumption?
A) 200,000 units
B) 150,000 units
C) 100,000 units
D) 50,000 units
E) 25,000 units

Question

Use the information below to answer the following question(s).
Apex Disk Company operates a computer disk manufacturing plant. Direct materials are added at the end of the process. The following data were presented for August
 
-How many units remain in ending work-in-process, assuming a FIFO cost flow assumption?
A) 200,000 units 
B) 150,000 units 
C) 100,000 units 
D) 50,000 units 
E) 25,000 units

Quizplus · Accepted Answer

According to the FIFO method, the ending work-in-process units are the units that were started in August and not yet completed. In August, 50,000 units were started in the process, and 200,000 units were completed and transferred out. Therefore, the remaining units in the process at the end of August are 50,000 units. Hence, D is the correct answer.

Use the Information Below to Answer the Following Question(s)