Process costing is used at company XYZ to account for a production cycle. Beginning work-in-process...
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Accounting
Process costing is used at company XYZ to account for a production cycle. Beginning work-in-process consisted of 20,000 physical units that were 60% complete as to conversion costs. During the year, 60,000 units were completed. The ending work-in-process was 64% complete as to conversion costs. Under the FIFO method, the EUP for conversion costs for the year were 76,000. What was the number of units in EWIP?
A. 60,000
B. 91,750
C. 25,000
D. 43,750
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