The following production data were taken from the records of the Finishing Department for June:...
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Accounting
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1, 30% completed 4,000 units Completed units during June 65,000 units Ending inventory, 60% completed 65,000 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process, is
a. 7,000 units b. 76,000 units c. 68,000 units d. 72,000 units
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