During August,the Filtering Department of Olive,Inc.had beginning Work-in-Process inventory of 180 units with costs of $50,000.595 units were transferred in 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 ________.
A) 0 units
B) 595 units
C) 180 units
D) 100 units

Question

Quizplus · Accepted Answer

Under the FIFO method, the equivalent units of production for transferred-in units in beginning Work-in-Process Inventory is 0 because these units were already counted in the previous period.