The Taylor Company uses a process costing system. Assume that direct materials are added at the beginning of the period and that direct labor and overhead are added continuously throughout the process. The company uses the FIFO costing method. The following data are available for one of its accounting periods Equivalent units for direct materials are
A) 180,000.
B) 202,000.
C) 176,000.
D) 191,000.

Question

The Taylor Company uses a process costing system. Assume that direct materials are added at the beginning of the period and that direct labor and overhead are added continuously throughout the process. The company uses the FIFO costing method. The following data are available for one of its accounting periods  Equivalent units for direct materials are
A) 180,000. 
B) 202,000. 
C) 176,000. 
D) 191,000.

Quizplus · Accepted Answer

The Answer of The Taylor Company uses a process costing system. Assume that direct materials are added at the beginning of the period and that direct labor and overhead are added continuously throughout the process. The company uses the FIFO costing method. The following data are available for one of its accounting periods  Equivalent units for direct materials are
A) 180,000. 
B) 202,000. 
C) 176,000. 
D) 191,000.

The Taylor Company Uses a Process Costing System