Question:
The information below was obtained from the records of Bapst Company for the month of May. The company uses the FIFO method in its process costing system.
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Labor and Overhead
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Units
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Percent Complete
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Work in process inventory, May 1
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3,000
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30%
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Started into production
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20,000
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|
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Work in process inventory, May 31
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4,000
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40%
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All materials are added at the beginning of the manufacturing process.
The equivalent units for material for the month are:
A) 21,600 units
B) 22,500 units
C) 16,000 units
D) 20,000 units