Question - Use the following information to answer the questions. During the month a company started 300,000 units of products in a particular process. Beg wip inventory was 50,000 and ending inventory was 40,000 units. Direct materials are introduced at the start of the processing, and beginning and ending inventories are considered to be 40% complete with respect to conversion costs. The FIFO costing method is used
a. How many units were transferred out in the month?
b. How many units were started and completed during the month?
c. What are the equivalent units with respect to direct materials at the end of the month?
d. What are the equivalent units with respect to conversion costs at the end of the month?