Question: A company uses the FIFO method for inventory costing. During a period, a production department had 56,000 units in beginning goods in process inventory which
A company uses the FIFO method for inventory costing. During a period, a production department had 56,000 units in beginning goods in process inventory which were 32% complete; the department completed and transferred 167,000 units. At the end of the period, 14,000 units were in the ending goods in process inventory and are 67% complete. Compute the number of equivalent units produced by the department.
| 181,000. | |
| 158,460. | |
| 167,000. | |
| 176,380. | |
| 111,000 |
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