Figure 6-17 Quinn Corporation produces a product that passes through two processes.During October, 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 second department's operations during October:

-Refer to Figure 6-17.The equivalent units for those transferred in from the prior department using FIFO would be

Question

Figure 6-17 Quinn Corporation produces a product that passes through two processes.During October, 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 second department's operations during October:
 
-Refer to Figure 6-17.The equivalent units for those transferred in from the prior department using FIFO would be

Quizplus · Accepted Answer

When using the FIFO method, the equivalent units for transferred-in units are the same as the number of units transferred in, which in this case is 20,000 units. Therefore, the correct answer is B.

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