Exercise 8-27 (Static) Equivalent Units: FIFO Process Costing (LO 8-5) When using the FIFO method of process costing, total equivalent units produced for a given period equal: Multuple Choice the number of units started and completed during the period plus the number of units in beginiing work in process plus the number of units in ending work in process. the number of units in beginning work in process plus the number of units started during the period plus the number of units remaining in ending work in process times the percentage of work necessary to complete the nems. work in process times the percentage of work done on the units during the period. the number of units transferred out during the period plus the number of units remaining in ending work in process times the percentage of work necessary to complete the items. None of the choices are correct