Question:
Levitt Company uses a process costing system. All direct materials are added at the beginning of the process. Levitt"s production quantity schedule for November is reproduced below.
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Units
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Work-in-process on November 1 (conversion 60% complete)
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1,000
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Units started during November
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5,000
|
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Total units to account for
|
6,000
|
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Units completed and transferred out from beginning inventory
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1,000
|
|
Units started and completed during November
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3,000
|
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Work-in-process on November 30 (conversion 20% complete)
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2,000
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Total units accounted for
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6,000
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Using the FIFO method, the equivalent units for direct materials for November are:
A) 5,000 units
B) 6,000 units
C) 4,400 units
D) 3,800 units