Figure 6-17 Loganbery Corporation produces a product that passes through two processes. During January, the first department transferred 20,000 units to the second department. The cost of the units transferred was $60,000. Materials are added uniformly in the second process. The following information is provided about the first department's operations during January:
Refer to Figure 6-17. The equivalent units for those transferred in from the prior department using FIFO would be

Question

Figure 6-17 Loganbery Corporation produces a product that passes through two processes. During January, the first department transferred 20,000 units to the second department. The cost of the units transferred was $60,000. Materials are added uniformly in the second process. The following information is provided about the first department's operations during January:
 Refer to Figure 6-17. The equivalent units for those transferred in from the prior department using FIFO would be

Quizplus · Accepted Answer

Under FIFO method, the equivalent units for transferred-in units are the same as the number of units transferred in. Therefore, the equivalent units for those transferred in from the prior department using FIFO would be 20,000 units.

Figure 6-17 Loganbery Corporation Produces a Product That Passes Through