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Figure 6-7 Ely Company Had the Following Data for 2011

Question 41

Multiple Choice

Figure 6-7 Ely Company had the following data for 2011:
Figure 6-7 Ely Company had the following data for 2011:   Materials are added at the beginning of the process.Beginning work in process was 40 percent complete as to conversion.Ending work in process was 70 percent complete as to conversion. - Refer to Figure 6-7.How many equivalent units for materials would there be using the FIFO method? A)  44,000 units B)  30,000 units C)  39,400 units D)  40,000 units Materials are added at the beginning of the process.Beginning work in process was 40 percent complete as to conversion.Ending work in process was 70 percent complete as to conversion.
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Refer to Figure 6-7.How many equivalent units for materials would there be using the FIFO method?


A) 44,000 units
B) 30,000 units
C) 39,400 units
D) 40,000 units

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